Indurent has acquired an 18-asset portfolio for c. €238m. This transaction is the latest in Indurent’s c. €1.2b of acquisitions undertaken this year, comprising c. €714m invested into purchasing high-quality operational assets and c. €476m invested or committed to funding new developments.
The portfolio comprises a mix of multi-let estates and mid-box warehouses located across the UK, as well as two land plots offering further development potential. A large proportion of the portfolio is located within or near to large urban areas, including Leeds, Manchester, Reading and Birmingham.
Indurent will undertake an extensive refurbishment programme across the portfolio, including improvements in energy efficiency and ESG credentials, with a view to ensuring the units are suitable for modern warehouse occupiers.
Julian Carey, CEO at Indurent, said: “The long-term outlook for the sector remains highly compelling. This acquisition further underlines our commitment to building a portfolio of high-quality, well-connected assets which give our customers the best choices from which to run and grow their businesses. We are actively seeking opportunities to expand our portfolio in 2025 through further acquisitions, as well as developing an additional 2 million sq ft (c. 18.6ha) of new sites each year from our significant landbank, creating jobs and fuelling national and regional growth.”
Image source - Indurent.
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