Walker Morris Advises Next on Strategic Land Sale to Prologis

"Walker Morris advised Next on the sale of a long leasehold interest to Prologis, completed 21 November 2025. The disposal included deferred consideration linked to future planning consent. The site, originally acquired for Next’s distribution network, was sold after a strategic review and reflects strong market conditions for logistics assets."

Walker Morris advised Next on the sale of a long leasehold interest to Prologis. The transaction, completed on 21 November 2025, involved the disposal of a long leasehold interest and included deferred consideration contingent on the grant of future planning consent. The site had originally been acquired as part of Next’s planned distribution network but was identified as surplus to requirements following a strategic review, prompting the decision to divest. The deal underscores robust market conditions for logistics and distribution assets and reflects Next’s proactive approach to optimising its property portfolio. Walker Morris represented Next with a team composed by: George Bacon (Partner and Head of Real Estate), Joanne Hawkins (Real Estate) and Charlotte Anderson (Real Estate).

Walker Morris Advises Next on Strategic Land Sale to Prologis

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