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Investcorp advances U.K. industrial real estate strategy with acquisition of 333,00sf logistics facility
Investcorp, a leading global alternative investment firm, today announced that its European Real Estate business has acquired a prime logistics facility in Scotland totaling approximately 333,000 square feet from a U.K. institution for £23.2 million (€26.22 million/$27.99 million).
The property is located on Eurocentral, Scotland’s premier distribution and logistics location, and benefits from its own railway siding which connects to the adjacent Euro Freight Terminal. The property, which is let to GXO Logistics, a world leader in logistics solutions, is comprised of a purpose-built, high-quality warehouse of approximately 304,000 square feet, an office of 22,000 square feet and an external canopy of 7,000 square feet.
The importance of the location for the U.K. logistics sector, robust tenant, and high-quality real estate, all underscore the potential of the investment.
The investment in the property is another milestone as Investcorp advances its U.K. ind