Investcorp has completed its third U.K. Industrial and Logistics Programme (UKIL III), with its £16 million ($20 million) acquisition of a fulfillment center in Leeds, the firm announced Wednesday.
UKIL III comprises 1 million square feet of industrial and logistics assets across 10 single-let industrial properties. The assets, which are located in St Helens, Livingston, Glasgow, Manchester, Birmingham and Leeds, were purchased across six separate transactions for an aggregate of £80 million ($103 million).
“Over the past two years, we have successfully executed Investcorp’s strategy to build a portfolio of well-located, income-generating industrial and logistics assets based throughout the U.K.,” said Neil Hasson, managing director–head of Investcorp European Real Estate. “Demand for these types of assets is growing at a rapid rate, and we continue to view this as a thriving market with immense growth potential.”
Since June 2017, Investcorp has ac
