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HEMEL HEMPSTEAD, UK-Gazeley has sold its new distribution center located in Hemel Hempstead to Aberdeen Asset Management for GBP 16.5 million. In the transaction, Savills and CBRE negotiated on behalf of the seller, while George Underwood of Gerald Eve Associate negotiated on behalf of the buyer.

Palmer & Harvey is the tenant of the warehouse measuring 168,000 square feet. Two months before, the company signed a lease deal with Gazeley for 25 years with five-yearly fixed uplifts. For the full story, go to Europe Real Estate .


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