Wellesbourne Distribution Park sold to Griffen UK Logistics Fund

20 February 2015

Following a successful 3 years db symmetry has sold Wellesbourne Distribution Park to Griffen UK Logistics Fund for £43.6 million.

Since acquiring the site in 2011 in a joint venture with Barwood Capital and J.P. Morgan Asset Management, db symmetry have rejuvenated the distribution park gaining planning consent for redevelopment of part for 600,000 sq ft of warehouse accommodation, 99 homes and a Sainsbury’s supermarket. Further to this a pre-let was secured for a new 230,000 sq ft warehouse for Aston Martin Lagonda.

The Sainsbury’s and Aston Martin buildings are currently under construction due to complete in March and April respectively.