Argos Distribution Centre, Basildon

On behalf of IM Properties, CBGA Robson's investment team have sold the Argos Regional Distribution Centre in Basildon for £47.25m.

CBGA acquired the 380,000 sq ft warehouse for IM Properties in 2008 for £37m. The property occupies a 24.7 acre site and was let to Argos on a 25-year lease with circa 6 years remaining at the point of sale.