All three of my kids spent the first few years of night times snoozing happily in cotbeds; they just make perfect sense to me. For the very first few months they all slept in a moses basket that we put IN the cot when they slept during the day so the sounds and smells of their room became familiar.
By the time they outgrew the basket being in the cot was already familiar - no upsetting transition phase. The same again when it was time to take the sides off - it was still their cot but now it was also a 'grown-up' bed and far less intimidating than going into a BIG single bed; again, no upsetting transition phase.
Reviews for this classic-looking cotbed are excellent; it has 3 base positions (the mattress isn't included, but then they never are - to give you the choice of which mattress you'd like apparently), it's made of pine and plywood and the dimensions are:
*Height: 86 cm
* Width: 72 cm
* Length: 144 cm
* Mattress Size Required 140 x 70cm
Thanks to cacoyle45 over at HUKD!