Aberdeen Asset Management has acquired Palmer & Harvey's (P&H) new distribution warehouse in Hemel Hempstead from Gazeley for £16.5 million (approx. 19 million).
Gerald Eve Associate George Underwood who advised Aberdeen Asset Management on the acquisition said: "This deal offered a rare opportunity to acquire a newly built South East distribution unit with annuity length income".
Gazeley was advised by CBRE and Savills.
Source: MJ2