ESR Europe has acquired Enterprise House, a 221,000-square-foot, purpose-built logistics facility in Talke, Stoke-on-Trent in the United Kingdom. ESR will manage the asset on behalf of funds managed by Carlyle Europe Realty, Carlyle’s Pan-European real estate strategy.
Located within 10 minutes of the M6 motorway and equidistant between Manchester, Birmingham, Sheffield and Liverpool, Enterprise House provides excellent connectivity to major national U.K. submarkets. Built in 2006 to an institutional-grade specification, the asset features 12.5-meter (41-foot) eaves, deep yards and significant power capacity (12.6 mega-volt amperes, MVA).
Currently let to AAH Pharmaceuticals, a leading distributor of pharmaceutical and healthcare products to pharmacies, hospitals and dispensing doctors, the asset has in place secure income from an institutional-grade covenant.
Carlyle and ESR will seek to further enhance the asset’s positioning as a best-in-class distributio
