CBRE Global Investment Partners (CBRE GIP) said on Monday that it has committed a further £25 mln (€31 mln) to UK logistics developer Roxhill Developments, which is now capitalised with £105 mln of equity and no debt.

CBRE Global Investment Partners (CBRE GIP) said on Monday that it has committed a further £25 mln (€31 mln) to UK logistics developer Roxhill Developments, which is now capitalised with £105 mln of equity and no debt.

CBRE GIP originally invested in Roxhill in 2012 via a co-investment vehicle with UK asset manager Forum Partners. Forum had provided seed capital to Roxhill alongside management and Abstract Securities in 2010.

CBRE GIP’s new investment will allow Roxhill to unlock the development potential of a land bank of over 1,850 net developable acres at 24 sites. These sites are strategic logistics locations in the Midlands and South East England and have received, or are in the process of receiving, planning permission to develop logistics facilities totalling over 33 million sq ft.

Commenting on the acquisition, Alex Bignell, UK managing director at CBRE GIP, said: 'This investment demonstrates CBRE GIP’s ability to access investment opportunities with strong market fundamentals in partnership with leading specialist operators.'

The UK has a structural under-supply of large modern warehouses to serve growing e-commerce-driven demand, he added. 'Roxhill has assembled a strategically located portfolio of sites and is uniquely well placed to capitalise on occupier demand for logistics facilities.'