Indurent has acquired an 18-asset portfolio for approximately £200 million ($249 million).
This transaction is the latest in Indurent’s £1 billion ($1.3 billion) of acquisitions undertaken this year, comprising £600 million ($747 million) invested into purchasing high quality operational assets and £400 million ($498 million) invested or committed to funding new developments.
The portfolio comprises a mix of multi-let estates and mid-box warehouses across the United Kingdom, as well as two land plots offering further development potential. A large proportion of the portfolio is located within or near to large urban areas, including Leeds, Manchester, Reading and Birmingham.
Indurent will undertake an extensive refurbishment program across the portfolio, including improvements in energy efficiency and environment, sustainability and governance (ESG) credentials, with a view to ensuring the units are suitable for modern warehouse occupiers.
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