Connect Group to sell six Tuffnells depots to Urban Logistics

Tuffnells Parcels Express
 

Connect Group is set to complete a £9.9m deal with property firm Urban Logistics for the sale and leaseback of six of Tuffnells’ depots, in a move aimed to cut the company’s debt. The six depots are located in Andover, Coventry, Leighton Buzzard, Newport, Perth and Plymouth. Connect’s original aim to sell the entirety of Tuffnells’ property portfolio of 37 depots had to be scaled back this summer after it failed to find a buyer. This latest deal is part […]