Ivanhoé Cambridge expands U.K. logistics investments through four developments

Ivanhoé Cambridge is expanding its U.K. logistics investments through the acquisitions of four high-quality development projects via its partnership with PLP.

“With this new acquisition of a prime development portfolio, we are on track to becoming leaders in the sector,” said Karim Habra, head of Europe, Ivanhoé Cambridge. “This investment aligns perfectly with our global strategy to invest in high-quality logistics real estate in key hubs around the world.”

The four sites have a combined land area of more than 130 acres and are located in Leeds, Sheffield, Crewe and Knowsley.

Jeremy Greenland, CEO, PLP, commented, “All four sites will offer occupants a turnkey operation and provide the opportunity for PLP to deliver high-quality logistics space in a variety of configurations. Beyond these acquisitions, we continue to look for prime logistics developments and assets in key markets.”

The sites, acquired by a PLP U.K. logistics venture led b