Warehouse in prime South East location is fully let to Yodel.
St. Modwen, a leading logistics developer and manager, has acquired a c.170,000 sq ft cross-docked distribution centre in Hatfield, Hertfordshire.
The high-specification distribution warehouse is located on the Hatfield Business Park, one of the South East’s premier distribution centres located close to the A1 and M25, and just 22 miles north of Central London. The property is fully let to parcel delivery service Yodel, serving as one of its three national distribution hubs.
The asset comprises of high-quality distribution space, including 158 dock level loading doors, 233 HGV parking bays office accommodation and a staff welfare facility.
Hatfield distribution centre is an established distribution location in the South East of England, with 83% of the UK’s population accessible within a four-hour HGV drive time. In addition, the local area’s population is forecast to grow by 4.7% over the next decade, compared to the UK average of 1.7%.
The acquisition of the Hatfield Distribution Centre adds to St. Modwen’s growing logistics portfolio, which includes a number of strategically-located distribution centres across the UK.
