Frankfurt-based fund manager Feldberg Capital and the development arm of Henry Boot have expanded their UK industrial real estate joint venture by acquiring three projects with a combined development value of £56m (€64.6m).
The Origin platform was launched in December 2024 to develop £1bn worth of UK industrial and logistics assets, with Feldberg owning a 75% stake in the joint venture and HBD, Henry Boot’s industrial development arm, owning the remaining 25%.
Henry Boot said the new assets comprise 262,000sqft of prime space and that construction would begin by the end of the month with delivery expected in the second half of the year. Henry Boot is taking a £14m share in the three assets
They include Spark, a six-acre site in Walsall where 101,000sqft of space will be developed across three units, with a £25m gross development value (GDV). The project is located at junctions nine and 10 of the M6 motorway.
Another project involves the development of the second phase of the Aptus I&L scheme near junction 31a of the M6, near Preston. The development, which has a GDV of £22m, previously held in joint venture with Barnfield Construction Limited, was transferred to Origin in December 2025. It will deliver 107,000sqft across three units.
The third scheme is Ark, a three-acre site in Markham Vale, adjacent to junction J29A of the M1, near Chesterfield, with a £9m GDV. This site is expected to deliver one 54,000sqft unit.
The Origin joint venture was originally seeded with three projects in Walsall, Markham Vale and Welwyn Garden City, all of which have been developed.
Tim Roberts, CEO at Henry Boot, said: “By combining HBD’s development pipeline and operational capabilities with Feldberg’s investment management expertise, the JV is accelerating the delivery of grade-A industrial and logistics space across the UK.
“With the initial three assets already completed and leasing well this innovative partnership is creating value for our investors. We are also making good progress on executing the JV’s strategy, with the recent addition of new schemes to Origin replenishing our committed development programme.”
David Turner, managing partner at Feldberg Capital, said: “The addition of these new schemes to Origin underlines our confidence in the UK mid-box industrial and logistics sector, which continues to benefit from strong structural tailwinds. Occupier demand for well-located, energy-efficient units remains strong, and the market is still significantly undersupplied. These new projects give us real momentum as we continue to scale Origin and look for new opportunities across the UK.”
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