DTZ Investors has disposed of a single-let industrial warehouse in Amber Park, South Normanton, in the East Midlands region of the UK to EQT Exeter for £16.8m (€19.9m).
Amber Park is one of the East Midlands key logistics locations, situated adjacent to J28 of the M1 Motorway. The property is fully let to Alloga UK with a little over a year to run on the lease, providing an opportunity to capture “significant reversion” at lease expiry, DTZ Investors said.
AP3 is one of seven units occupied by Alloga within South Normanton which serves as its UK distribution hub.
Tom Royston, director at DTZ Investors, said: “We are very pleased to have successfully disposed of this asset. The sale crystalises an exceptionally strong outcome for our client, having held the asset for 15 years. The divestment of this asset removes the impact of what was a high level of income concentration risk in 2025 due to the upcoming lease expiry and therefore the sale is in accordance with fund strategy.”
Will Gubb, head of industrial capital markets at Knight Frank, said: “This transaction demonstrates the continued strong investor demand for reversionary logistics assets with lease events within the next 12-24 months. We continue to see good liquidity in this area of the market, with investors remaining bullish on rental growth performance and re-letting prospects.”
Knight Frank advised DTZ Investors on the disposal, while BNP Paribas represented EQT Exeter on the acquisition.
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