Urbz Capital and Ivanhoé Cambridge have acquired a prime urban logistics facility in Birmingham for an undisclosed sum.
The acquisition marks Urbz's entry into the UK market, further expanding its managed portfolio and leveraging its expertise in the European last mile sector.
The facility of around 177,800 ft2 (16,500 m2) is fully leased to DHL and strategically located on an extensive freehold site within Hams Hall Distribution Park.
The property is located on the eastern edge of the park on Edison Road, which feeds to Lichfield Road and provides direct access to the M42 and M6 Toll Motorways.
The acquisition continues the partnership between Ivanhoé Cambridge and Urbz, which has to date resulted in the exchange of 26 assets across 10 conurbations in the Netherlands, the UK, Germany, and Sweden since its launch in Q2 2021.
The transaction was assisted by DTRE, Nova-Ambiente, Savills and Hogan Lovells.
