Barking Rail Freight Terminal sold for £53.7m

March 11, 2015 by David Thame
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Barking Rail Freight Terminal sold for £53.7m

The 33 acre Barking Rail Freight Terminal has been sold for £53.7m.

The site, operated by DB Schenker, is directly connected to the High Speed 1 rail line to the European mainland.

Legal & General Property bought the site from AXA Real Estate, on behalf of clients, and its JV partner dmi Properties.



DB Schenker's lease runs for a term of 20 years from July 2014.

The property represents the fourth rail terminal acquired by Legal & General Property, with other assets comprising terminals in Widnes, Castle Bromwich and Corby.

JLL acted for AXA Real Estate, WHY and Rubicon Securities acted on behalf of L&G on this transaction.


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