Specialist real estate investor Compagnie du Parc (CdP) has announced the acquisition of two well-located industrial assets – Fives Arches Business Estate in Sidcup and Bourne Industrial Park in Crayford, UK, for £30 mln (€35 mln).
The acquisitions, totalling 139,500 ft2 of industrial space, follow the completion of several disposals of mature assets in the UK and Switzerland throughout 2023, generating £150 mln of capital.
CdP has also announced the appointment of Chris Nicoll as portfolio director, to manage the group’s existing assets and support new acquisitions.
Chris Nicoll is an accomplished investment manager with over 25 years of experience and is highly regarded in the UK industrial and logistics sector. Before joining CdP, he was head of Industrial & Logistics at Columbia Threadneedle Real Estate Partners, where he was responsible for the strategic planning and implementation of individual asset strategies to increase property income and value contributing to the overall performance of the sector-wide portfolio.
George Alcock, acquisition director of Compagnie du Parc Limited, commented: 'The acquisition of Fives Arches business estate and Bourne Industrial Park marks the next progressive step in CdP's journey. These well-located assets not only strengthen our portfolio but also affirm our commitment to urban light industrial and logistics assets within Greater London. With Chris Nicoll joining us as Portfolio Director and the capital firepower from the disposals, we are well-positioned to maximise the potential of our existing assets and pursue further growth and exciting opportunities.'
The CdP group is a private Real Estate investment firm group based in Luxembourg owned by its founding partners. The group's primary focus is on industrial and logistics space within urban locations.
