MEDCO
MEDCO Logistics & Industrial Case Study
Cushman & Wakefield Core appointed for sale of leasehold warehouse land.
Opportunity
Cushman & Wakefield Core was exclusively appointed to represent the seller in the disposal of a land plot featuring a built warehouse and office space. The asset was held on a long leasehold interest with Abu Dhabi Ports, with 30 years remaining on the land lease.
Approach
Cushman & Wakefield Core proactively engaged the market and leveraged our client database to target owner-occupiers, as Abu Dhabi Ports had restricted sub-leasing for investment purposes.
Solution
Access and Coating Group was identified as a strategic target based on their expansion plans and the rising rental rates in Abu Dhabi. Following our engagement, they opted to purchase the property as a cost-effective solution aligned with their long-term growth objectives, offering greater value compared to leasing amid limited warehouse supply.