Elite Partners Capital (EPC) has completed another acquisition of a distribution facility in the UK for over £30 mln (€35.3 mln).
The asset is located within Wrexham Industrial Estate, a premier industrial location and one of the largest industrial estates in the UK, well placed to serve both England and Wales. The estate extends to over 550 ha and is home to over 340 businesses.
The distribution facility, consisting of two detached industrial warehouse facilities, provides in total 723,114 ft2 (67,000 m2) of space on 45.9 acres (18.6 ha) land. It is fully let to one of the UK's largest shop-at-home retailers Shop Direct Home Shopping, a subsidiary of The Very Group.
This represents the first UK acquisition for the second series of EPC's logistic funds, which is targeting high-quality logistics warehouses and infrastructure across Europe and the UK.
Said Victor Song, CEO of Elite Partners Capital: 'We believe that this asset is particularly well-placed to benefit from the highly dynamic logistics market in the UK where the demand for logistics warehouses remains strong and resilient.'
Colliers advised Elite Partners Capital, while B8 Real Estate acted for the vendor.
