BrewDog agrees eight-figure deal to sell global distribution HQ
BrewDog has reached an eight-figure deal to sell its global distribution headquarters, known as ‘Hop Hub’, at Eurocentral in Scotland’s central belt.
The logistics and distribution centre has been acquired by CBRE Global Investors. CBRE Global Investors will lease the property back to the brewer on a 20-year deal.
BrewDog was represented by MWM Property Consultants, while Knight Frank acted for CBRE Global Investors.
The property consists of a 129,000 sq. ft. modern distribution unit. Located within the 650-acre Eurocentral industrial site, the facility is one of Europe’s first refrigerated beer warehouses, with more than 60 staff.
Tom Stanton at CBRE Global Investors, said: “This is a unique opportunity to acquire a well-specified, modern facility in Scotland’s premier logistics and distribution location. The acquisition is consistent with our continued emphasis on prime real estate in desirable locations and provides a highly attractive, secure long income stream, in line with the fund strategy.
“The property sits at the heart of BrewDog’s logistics supply chain and we look forward to developing a strong, long-term relationship with them over the coming years.”
Alasdair Steele, head of Scotland commercial at Knight Frank, added: “The deal for Hop Hub underlines the compelling case for well-placed industrial and logistics assets – a large single-let unit with long-dated income underpinned by a strong covenant. These types of assets are relatively rare, but highly sought-after.”