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Logistic

Jeremy Bishop launches Arkus Real Estate

Jeremy Bishop has launched Arkus Real Estate, an investment and development firm focused on creating fit-for-purpose real estate. Seeking to take advantage of the pricing reset caused by the convergence of 2023’s soaring interest rates, the impact of technology on logistics, office and retail real estate, and continued demand...
Wednesday, 27. March 2024

ASLI sells warehouse in Meung sur Loire to Castignac

Abrdn European Logistics Income plc has completed the sale of a 30,180 sqm warehouse in Meung sur Loire, to Castignac. The €17.5 million disposal price is in line with the 31 December 2023 valuation and reflects a c.7% discount to the 30 September 2023 valuation.
Wednesday, 27. March 2024

Bloom completes Brixton warehouse development

Bloom has completed the second development in central London for its £250 million ultra-urban warehouse joint venture with TPG Angelo Gordon. Bloom Brixton, at 146-148 Brixton Hill, comprises five units, totalling 35,417 sq ft, designed by Chetwoods. The warehouses are multi storey across ground and first floors with goods li...
Wednesday, 27. March 2024

Ares invests in Slättö portfolio in Helsinki and Stockholm

Slättö and Ares Management Real Estate Secondaries funds have agreed to support the recapitalization of a market-leading light-industrial and logistics portfolio, which is managed by Slättö. The portfolio comprises 28 assets with value concentrated in the Stockholm and Helsinki metropolitan areas.
Wednesday, 27. March 2024

Sirius expands U.K. portfolio with business park acquisition

Sirius Real Estate has exchanged contracts on the acquisition of Vantage Point Business Village, a multi-let business park in Gloucestershire, for a total acquisition cost of £48.25 million (€56.4 million), representing a net initial yield at acquisition of 10.2%. The acquisition has been made using the proceeds of the Compan...
Wednesday, 27. March 2024

Branicks finishes negotiations with creditors

Branicks has got green light for the restructuring plan from the lenders of the € 225 million promissory note loans maturing in 2024. In doing so, the promissory note loans in question are extended to June 30, 2025.
Tuesday, 26. March 2024

GLP completes redevelopment of Schifferstadt Logistics Park

GLP has finalised its redevelopment project in Schifferstadt, with the completion of two logistics buildings with a total area of 54,000 m². Each building has an 8,500 m² mezzanine floor and 2,000 m² of office space. The site features parking spaces for 124 cars and 35 trucks.
Tuesday, 26. March 2024

Barberry seals third land deal in 2024

Barberry acquires a West Midlands warehouse development site – the third completed since the start of the year. The developer has acquired the last remaining plot at the highly sought-after Tournament Fields Business Park in Warwick. The company plans to deliver a c:80,000 sq ft Grade A 'best in class' distribution and logist...
Tuesday, 26. March 2024

EQRT acquires industrial property in Texas for over $60M

EQT Exeter Real Estate Income Trust, Inc. purchased 110 Southeast Inner Loop Road in Georgetown, Texas for $60.9 million. EQRT acquired the property with proceeds from the sale of 6.22 million Class E units of its operating partnership to EQT Exeter Holdings US, Inc., an affiliate of EQRT’s sponsor.
Tuesday, 26. March 2024

Oxford & LCP secure planning for Heathrow logistics development

Oxford Properties Group and Logistics Capital Partners have secured planning permission to develop c. 340,000 sq ft of technologically advanced and environmentally sustainable logistics space on a 15-acre brownfield site adjacent to Heathrow Airport. The much-needed new space will be delivered across two units of 200,000 sq f...
Monday, 25. March 2024

Azora acquires Spanish asset portfolio from CBRE IM

Azora, through two logistics vehicles it manages, has acquired an asset portfolio valued at 91 million euros previously managed by CBRE Investment Management. The portfolio consists of 11 assets totaling 193,000 square meters, financed by a loan of up to 54.9 million euros. These assets are located on the A2, the main logisti...
Monday, 25. March 2024

Panattoni starts logistics development in Sittingbourne

Panattoni has begun developing a 645,000 sq ft net zero carbon logistics park in Sittingbourne. The development, called Panattoni Park Sittingbourne, comprises two units of 440,000 sq ft (S440) and 205,000 sq ft (S205). Panattoni acquired the 26-acre site in the fourth quarter of 2023 and completion is expected in the first q...
Friday, 22. March 2024