BentallGreenOak acquires UK warehouse portfolio

BentallGreenOak acquires UK warehouse portfolio

Thor Equities Group, in a joint venture with a fund advised by Morgan Stanley Real Estate Investing (MSREI), has sold a portfolio of prime UK-based big-box warehouses to BentallGreenOak. The purchase price was not disclosed.

 

The portfolio is comprised of seven stand-alone big-box warehouses with a total floor space of 2.1m SF. The portfolio’s assets are located in DIRFT, Daventry; Grove Park, Leicester; The Duke, Burton-on-Trent; Magna Park, Lutterworth; Warth Park, Raunds; Rye Park, Hoddesdon and Hams Hall, Coleshill. Tenants in the portfolio include DHL, British Gas, Clipper Logistics, Sainsbury's, Beko and DSV. The only vacant asset in the portfolio, MP411, has been newly refurbished and is located in Magna Park, Europe’s largest dedicated logistics park.

 

Joe Sitt, chairman of Thor Equities Group said:“ We were fortunate to have exchanged on this transaction at the height of demand for well-located industrial and logistic assets in major European markets to support the rising e-commerce demand for the region.  We believe the portfolio’s location as well as its unique tenant mix make this a highly desirable portfolio in the UK industrial market.”  

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