Wednesday 26th Oct 2016 - Logistics Manager

Co-op to sell 3 million sq ft of warehouse space

The Co-operative Estates is to dispose of its entire UK-wide portfolio of surplus warehouses totalling in excess of three million sq ft across 15 properties.

Colliers International has been appointed to act as lead agent on the portfolio, working with existing joint agents on sites providing a range of ambient, chilled and frozen warehouses include properties in the south west of England, the Midlands and Scotland, ranging in size from 10,000 sq ft to 320,000 sq ft.

Geoff Player, Director of Commercial and Investment Property at the Co-operative Group said: “These properties are well located and offer a wide variety of warehouses throughout the country that will appeal to a range of distribution and industrial occupiers. The fact that the portfolio provides a mix of ambient, chilled and frozen space will undoubtedly widen their appeal. Co-operative Estates has already disposed on in excess of 700,000 sq ft of surplus industrial property in the last 12 months and we are looking to build on this momentum.”