M&G buy Park Royal shed

M&G Real Estate has acquired One Park Royal, a 107,000 sq ft warehouse in Park ROyal.

The building is let to Enotria Wine Cellars on a lease until 2029, who plan to make it their UK headquarters. M&G have agreed to pay £22.6m to Standard Life Investments for the warehouse.

M&G Real Estate cited strengthening tenant demand in Park Royal as their rationale for the purchase.

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