Clarion Partners Europe has acquired, on behalf of its U.K.-only logistics fund, an institutional-quality logistics facility in Haydock, near Warrington, for £50.8 million ($64.4 million). The vendor is Warrington Borough Council.
Constructed in 2019, the 381,146-square-foot property is fully leased to Movianto U.K. Ltd., a healthcare supply chain service, on a 15-year lease, with a rent review due in July 2024.
Haydock is a prime U.K. distribution hub, located at the intersection between the M6 and A580 which connects Liverpool (30 minutes’ drive time) and Manchester (25 minutes), with 5.3 million inhabitants living within a 40-minute drive time.
Following this transaction, Clarion Partners Europe has invested £170 million ($215 million) on behalf of its U.K.-only logistics fund in five months, amassing an 11-asset portfolio of approximately 1.15 million square feet.
“Haydock is an outstanding U.K. logistics location in one of Europe’s most dense
