Melburg Acquires 125,000 sq ft Dartford Industrial Asset in Sale & Leaseback Transaction
Melburg Capital Ltd [Melburg] – the privately-owned real estate investment and development company – announces the off-market acquisition of Maxmor House – a 125,000 sq ft carbon-neutral industrial asset located in Dartford, Kent.
The sale & leaseback acquisition, Melburg’s fifth within the last nine months, was agreed with leading electrical wholesaler, Moss Electrical Ltd, who are headquartered at the premises.
The majority of the site is occupied by Moss Electrical, with the remaining 40,000 sq ft undergoing major refurbishment works comprising new offices, dedicated services and full redecoration. Refurbishment works are due to complete in January 2021 with Knight Frank and Watson Day appointed as joint agents.
Melburg has transacted in excess of £750m over a 36-month period, as the highly discreet UK focused platform continues to add to its strategic programme following the recent acquisition and successful leasing of Swan Lane Industrial Estate, Wigan – another sale and leaseback transaction.
A spokesperson for Melburg commented; “The asset lies within close proximity to the Dartford Crossing, a key logistics interchange hosting over 130,000 vehicles per day, offering direct access to the M25 and Central London. The Government announcement to diversify its import channels places further reliance on Folkestone as an arterial route and therefore Dartford as a key fulfilment centre”.