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Thetford logistics unit sold as part of £20m deal

PUBLISHED: 16:25 07 February 2018 | UPDATED: 15:48 08 February 2018

A property developer has sold a logistics unit in Thetford along with two others in Doncaster. Picture: Getty Images/iStockphoto

A property developer has sold a logistics unit in Thetford along with two others in Doncaster. Picture: Getty Images/iStockphoto

BrianAJackson

A logistics unit in Thetford is among three to have been offloaded by a London property developer in a multimillion pound deal.

Helical sold the 127,600 sq ft space in Wyatt Way, along with two similarly-sized logistics units in Aspect Way and Sandal Stones Road in Doncaster.

They were bought by a fund managed by Clearbell Capital for a total of £20.25m.

Helical, which owns a mixture of office, retail and logistics units around the country, said the sales were part of a “strategic shift” to concentrate on office developments and investments.

Tom Anderson, senior investment executive at Helical, said: “These recent sales are another step along the way for Helical as we focus our portfolio on primarily office-led activity within London and Manchester.

“The sale follows a series of non-core disposals including our retirement living and retail assets.”

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