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Monday, January 14, 2013
Global integrated property group, Goodman has completed the sale of First Point, Burton, a 213,240 sq ft prime logistics unit in the Midlands. The logistics development was purchased by LaSalle Investment Management, acting on behalf of an undisclosed pension fund (“the Fund”), for £13.72m.The sale follows news in December that Goodman has leased the entire building to leading arts and crafts retailer Hobbycraft, agreeing a long term lease on the premises in one of the largest deals undertaken in recent months. As a result of the letting, Goodman’s UK logistics portfolio is almost entirely let, with only one available building remaining.