Johnson Controls, Speke - B8RE

Further Investment in South Liverpool

F&C REIT Asset Management have acquired a new distribution unit in South Liverpool from developer Marshall CDP Limited. 

The building comprises a new fully fitted distribution facility constructed for Johnson Controls Automotive UK Limited and provides in total 151,770 sq ft. Johnson Controls have committed to this unit for a term of 15 years. F&C REIT paid Marshall CDP £11,900,000 for the building reflecting a net initial yield of 6.45%.

Simon Wood of B8 Real Estate, who acted on behalf of Marshall CDP in both the letting and the investment sale, said:

“This shows the continuing success story of this area of South Liverpool both on an occupational basis and investment basis and reinforces the North West as a prime distribution/industrial region for institutional investors”.

F&C REIT Asset Management were represented by the Manchester office of Knight Frank.