CBRE Global Investors has completed the purchase of the Unilever Distribution Facility in West Thurrock for GBP18.15m. This transaction is on behalf of the CBRE UK Property Fund – the principal pooled fund of CBRE Global Investors UK. The 192,236 sq ft distribution property is leased to Unilever until Aug 2019, and is located in a prime Distribution location being less than 1 mile from the M25 motorway to the east of London, and also less than 1 mile from one of Unilever’s main European production facilities. The income yield at purchase is 6.8% after allowance for costs.
