Sainsbury's National Distribution Centre, Tamworth, B77 5PB

Investment Acquired

Richard Wright

  • Institutionally specified cross docked warehouse extending to a total of 423,420 sq ft (39,337 sq m), incorporating a warehouse, offices, Resource Recycling unit and vehicle maintenance unit
  • Site area of 29.71 acres, providing a very low site cover of 33%
  • Let to Sainsbury's Supermarkets Ltd (Experian: very low risk) on FRI terms expiring 30 October 2037 (15.5 years unexpired lease term) benefitting from a guarantee from J Sainsbury's plc (Experian: very low risk)
  • Current passing rent of £2,940,587 per annum reflecting £6.94 per sq ft
  • CPP advised on the successful acquisition, price paid was in excess of £95m

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