Compagnie du Parc advising The Last Mile SA (CdP) has completed the sale of a portfolio to funds managed by Blackstone Real Estate. The portfolio comprises five industrial assets in the Greater London area. The assets are located in Barking, Croydon, Erith, Leatherhead and Romford, and total 138,000ft² of industrial space.
This sale places the company in a strong position to reinvest and acquire further assets in line with its stated strategy that focuses on light industrial and logistics assets in urban locations within the M25. The Group will consider multi-let, single let and part - let properties as well as portfolio, distressed and vacant opportunities with a focus on assets requiring refurbishment or capital upgrades. CdP remains active in the London market, having been active in the wider European real estate market for over 30 years, with involvement in €2bn of industrial and logistics transactions across the continent.
Jonathan Coenca, Managing Director of Compagnie du Parc Limited, commented: “We are delighted to complete the sale of this portfolio. The sale is in line with our business plan, and positions us well to continue with our strategy of investing in London’s resilient industrial sector. We are now looking to build on our success to date in identifying exceptional opportunities and to acquire further assets that fit this strategy.”
