Cain International (Cain) has completed the development phase of its first logistics portfolio, less than two years on from its acquisition, following practical completion of Sherburn42, a 61,224m2 site in North Yorkshire.
Sherburn42 contains four standalone Grade A industrial units ranging from 5,361m2 to 26,013m2 and excellent connectivity to 1.1 million potential customers within a 48-km radius, as well as the U.K. logistics network via major motorways and ports.
The completion marks a significant milestone for the portfolio which Cain acquired in March 2022 for €641.4m from Firethorn Trust. The portfolio, consisting of seven sites totalling 296,360m2 across 24 units, has already attracted leading brands such as Next and Taylor Wimpey.
Tim Brazier, Senior Vice President at Cain International, said: “Reaching practical completion across the portfolio, despite the wider market challenges, represents a significant achievement. All of the assets have been designed to meet the evolving needs of occupiers, delivering quality space, with a focus on ESG and flexibility, which will support businesses looking to establish or expand their presence in the U.K.”
The site is being delivered by Firethorn Trust on behalf of Cain. Colliers, Lambert Smith Hampton and Carter Towler are acting as lettings agents.
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