UK industrial estates sold for £38m to Barwood Capital

UK industrial estates sold for £38m to Barwood Capital
Image:Courtesy of Barwood Capital

Barwood Capital, the Northampton-based UK regional real-estate specialist, has acquired a portfolio of industrial estates for its 2017 Regional Property Fund for more than £38 million.

The acquisitions follow the announcement in October 2018 that Barwood Capital had committed up to £15 million of equity for Caisson to aggregate a portfolio of up to £40 million of UK multi-let industrial estates to gain specific exposure to the sector in order for its investors to benefit from secure income, capital growth and renewable energy income.

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The portfolio consists of seven multi-let industrial estates that are:

  • Eldonwall Trading Estate, Nottingham, a 2.21 acre estate with nearly 50,000 sq ft across nine industrial units
  • Bromborough Point, Wirrall International Business Park totals 6.72 acres with 131,485 sq ft across six units of trade counter and traditional warehouse accommodation
  • Marconi Courtyard, Corby is a 3.42 acre site with 66,400 sq ft across 13 units
  • Broadmeadow Trade Park, Dumbarton totals 4.15 acres with space totalling 77,367 sq ft across 20 units which include offices, laboratories, light industrial and trader counters
  • Penketh Business Park, Warrington is on a 6.46 acre estate with 148,534 sq ft across 30 units
  • Nasmyth Court, Livingston totals 4.24 acres with space totalling 52,649 sq ft across 26 units
  • Hastingwood Industrial Park, Birmingham is a 12.28 acre multi-let estate totalling 337,233 sq ft across 226 units

”The UK MLI sector remains an attractive sub-segment of the wider industrial market.

”We will invest in estates with strong underlying real estate fundamentals, where there is the ability to increase rental income and deploy capex as a means to benefit from capital value growth. The UK MLI sector remains an attractive sub-segment of the wider industrial market. There is increasing demand from a broadening tenant base alongside constrained supply meaning that the sector offers compelling capital growth prospects underpinned by rental growth.” said Danielle Sheppard, senior investment director, Barwood Capital .