-
ROSSLARE EUROPORT TARGETS HEALTH & SAFETY WITH CAMERA TELEMATICS PARTNERSHIP - 2 days ago
-
Landmark Study Reveals Wearable Robotics Significantly Boost Safety and Efficiency in Industrial Environments - July 24, 2024
-
Visku Tackle The Retail Seasonality Challenge One Pallet At A Time - July 22, 2024
-
KAMMAC AND BERGEN LOGISTICS STRENGTHEN FASHION & LIFESTYLE SERVICES IN THE UK - July 19, 2024
-
TENTBOX EXTENDS PARTNERSHIP WITH ARROWXL TO SUPPORT INCREASING DEMAND - July 17, 2024
-
The Perfume Shop improves customer journeys while driving profitability in partnership with Scurri - July 17, 2024
-
ZEROMISSION SECURES £2.3M ($3M) INVESTMENT TO ACCELERATE ELECTRIC FLEETS - July 16, 2024
-
BCMPA CELEBRATES SUCCESS OF 2024 CONFERENCE - July 15, 2024
-
Best of the Best: Jungheinrich Celebrates Triple International Award Win - July 12, 2024
-
GOPLASTICPALLETS.COM CALLS ON NEW CHANCELLOR RACHEL REEVES TO CONSIDER PLASTIC PACKAGING TAX REFORM - July 10, 2024
Chancerygate acquires DX Logistics Portfolio.
Leading industrial developer and asset manager, Chancerygate, has acquired a portfolio of five distribution centres from mail, parcels and logistics operator, DX Network Services for £4.5m.
The properties total 76,487 sq ft and are located in Northampton, Basildon, Nottingham, Rotherham and Thatcham, and have all been leased back to DXNS on varying lease lengths.
Chancerygate’s Head of Asset Management, Rory Finnan, commented: “This was an opportunity for Chancerygate to acquire, using funds from our own balance sheet, a portfolio of properties from DX which form part of their operational network of distribution depots throughout the UK.
“The assets are all in well-established distribution locations and provide the opportunity for asset management and value enhancement through refurbishment as and when leases fall due for expiry. In the meantime, they provide an excellent running yield on our equity deployed.”
Tudor Toone represented Chancerygate on the acquisition while RDL Consulting and Crossland Otter Hunt acted for DX Network Services.