A Tristan Capital Partners fund has bought a £68m (€76.4m) UK logistics portfolio.
The EPISO 5 fund has bought 11 new-build logistics buildings from the Richardson family, St Francis Group and Curtis Hall.
The manager said the 668,000sqft portfolio includes Velocity 42, in Redditch, Cransley Park, in Kettering, Northamptonshire and Worcestershire and Western 105, Avonmouth, Bristol.
Nicho Jenkins, MD at Tristan Capital Partners, said: “The coronavirus crisis has accelerated e-commerce trends in the UK, resulting in a surge in occupational demand for strategically located warehouses. The UK is suffering from a limited supply of new logistics buildings and the modern, flexible space offered by these recently developed assets has already attracted strong interest from a variety of potential occupiers.
“Our plan is to lease up the vacant space and pursue similar opportunities to potentially build out a UK logistics portfolio.”
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