Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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 .

GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.