Ergo Real Estate acquires four major industrial projects

Ergo Real Estate, on behalf of Aver Property (its joint venture with NFU Mutual), has completed four key industrial schemes across the United Kingdom.

The schemes, totaling 1.13 million square feet of prime industrial space, are located in Middlewich (Ergo Park, 222,740 square feet), Sheffield (Ergo Park, 191,500 square feet), Oldham (Broadway Green Business Park, 367,160 square feet) and Fradley (DC2 Prologis Park, 352,810 square feet).

Aver has agreed to fund the development at each scheme, with Fradley, Middlewich and Sheffield already onsite and Oldham set to follow this summer. All schemes are targeted to be delivered between first and second quarter 2022.

BentallGreenOak (BGO) provided a £60 million (€70 million/$85 million) programmatic facility package to facilitate the build out and delivery of the portfolio.

Martin Jepson, founding partner of Ergo Real Estate, said, “The completion of more than 1.1 million square feet of prime industrial sp