Logicor acquires 951,000 sq ft East Midlands warehouse
22 Nov 2021
Prime Golden Triangle asset in Daventry
Logicor, a leading European owner, manager and developer of logistics real estate, has announced the acquisition of a 951,000 sq ft logistics warehouse on a 38.5 acres site in the UK, Daventry, from a joint venture company managed and co-owned by Oxenwood Real Estate.
The 951,000 sq ft property is strategically located in the East Midlands and benefits from good access to the M1. The property is leased to XPO Logistics who use the warehouse to provide national distribution services for a leading global e-commerce company.
Charlie Howard, Managing Director - UK of Logicor said:
“We are very pleased to add this prime big-box property to the Logicor UK portfolio. Customer demand for well-located logistics assets across the UK continues to remain extremely high. This acquisition expands our logistics offering within the UK's 'Golden Triangle' with a strategically important customer and ensures the continued growth of our UK owned and managed portfolio which today stands at 40 million sq ft.”
Jeremy Bishop, Co-Founder of Oxenwood Real Estate said:
“We are delighted to have successfully sold this substantial asset from our joint venture with AIMCo, the proceeds of which are to be redeployed into our expanding London urban logistics development portfolio.”
DTRE acted as advisors for the seller.
Head of Communications, Logicor
Logicor is a leading European owner and manager of logistics real estate that owns, manages and develops high quality logistics assets across Europe, addressing the real estate needs of international and local distributors, retailers and manufacturers. As at 30 June 2021, Logicor owns a portfolio of 600 high-quality properties with a lettable area of 13.5 million square metres located in key European logistics markets. Logicor is headquartered in London and Luxembourg.
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