U.K. Urban logistics platform focused on high-quality assets in Greater London and South East UK
JV with local asset manager to assemble a U.K. urban logistics platform capitalizing on compelling market fundamentals characterised by strong occupational fundamentals, record low vacancy rates and limited development pipeline.
Seed Assets for JV acquired in June 2023, offering c. 1 million sq ft of space across 11 assets located in prime, supply constrained urban logistics hubs including London, the South East and Manchester. The assets range from institutional quality urban warehouses through to those on shorter leases that offer opportunities to capture rental reversion. The JV will also undertake £30 million asset management programme to capture rental reversion potential, enhance the occupier experience and improve ESG performance.