Meadow Partners invest in urban industrial site near London (GB)

Meadow Partners buy urban industrial site near London (GB)

Meadow Partners has acquired a 3.8-acre urban industrial site located in West Byfleet, Surrey, outside of London. The firm will operate the West Byfleet site as an open storage facility. The investment is Meadow’s first in the London urban industrial market and builds on the success of the firm’s industrial investment strategy in the U.S. Meadow expects to continue to identify and execute on attractive industrial investments in the region with a focus on open storage and high-density assets located in and around London and the home counties.

 

Andrew McDaniel, Co-Founder and Partner of Meadow Partners, commented: “This acquisition is an exciting step in the growth of our industrial investment strategy, as we continue to actively pursue opportunities in the sector on both a direct and joint venture basis. To date, the London industrial sector has seen rapid growth, and yet institutional focus on open storage opportunities has been limited. Over the last four years, we have seen a shift in market dynamics with industrial becoming, in many cases, the highest and best use of an urban site in the London market. The current state of the planning system is magnifying this trend, creating even more compelling investment opportunities.” 

 

Mark Ghandhi, Director of Meadow Partners, added: “This suitable land shortage is driving Meadow’s industrial investment thesis, as occupants are being priced out from inner-city locations, despite having a critical business need to remain in close proximity to them. The submarkets where we are investing have the greatest need for open storage, given that nearby distribution facilities have sacrificed open storage space to maximize the footprint of the warehouse. We are pleased to capitalize on this opportunity and bring these much-needed facilities to the region.”

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