Northwood Investors has bought an 11 UK assets from Industrial developer and asset manager Chancerygate.
Chancerygate said it has sold the urban logistics portfolio for an undisclosed amount.
The assets are located in Livingston, West Lothian; Knutsford, Cheshire; Aintree; Merseyside; Beeston, Nottinghamshire, Ipswich; Suffolk, Norwich, Norfolk; High Wycombe, Buckinghamshire; Cheltenham, Gloucestershire; and Dartford and Maidstone in Kent.
Alastair King, Chancerygate’s head of development, said: “The sale shows the strength of current investment demand for high quality, Grade A multi-unit industrial and warehousing space placed in strategic locations across the UK.
“Moving into 2021, we have already identified a number of new development opportunities throughout the UK. We have a clear strategy on how we will recycle the funds raised by this sale into further new projects in what continues to be a very exciting sector of the UK property market.”
To read the digital edition of the latest IPE Real Assets magazine click here.