DTZ Investors has successfully completed the sale of a prime industrial warehouse located in Amber Park, South Normanton, to EQT Exeter for a notable £16.8 million. This strategic transaction underscores the significance of Amber Park as a vital logistics hub within the East Midlands.

Situated adjacent to Junction 28 of the M1 Motorway, Amber Park is a sought-after location for logistics and distribution, providing excellent connectivity and infrastructure. The warehouse, referred to as AP3, is fully leased to Alloga UK Limited, a leading logistics and distribution company, with a remaining lease term of 1.1 years. This short lease term presents an opportunity to capture significant rental uplift upon lease expiry, making it a highly attractive investment for EQT Exeter.

AP3 is one of seven units within South Normanton that Alloga UK Limited occupies, which collectively serve as their central UK distribution hub. This sale highlights the robust demand for well-located industrial assets with potential for future rental growth.

DTZ Investors was advised by Knight Frank on the disposal of the property, while EQT Exeter’s acquisition was facilitated by BNP Paribas. The successful transaction demonstrates the continued interest and investment in the UK’s logistics and industrial sector, driven by the ongoing growth in e-commerce and the need for efficient distribution networks.

The sale of this strategically positioned warehouse at Amber Park is a testament to the strong investment appetite in the East Midlands’ logistics market, particularly for assets with potential for value enhancement through lease renegotiation and reversionary growth.