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Sign in Sign up for a FREE subscriptionMoorfield Group extends U.K. logistics footprint with trio of acquisitions for €27m
Moorfield Group, a U.K.-focused real estate fund manager, on behalf of Moorfield Real Estate Fund IV (MREF IV), has acquired four single-tenant logistics assets totaling 205,322 square feet, in three separate transactions. Located across the South East, the combined purchase price was £25 million (€27 million/$33 million).
In line with its strategy of identifying real estate supply/demand imbalances and targeting sectors benefitting from societal shifts, Moorfield has, since 2019, assembled an eight-asset, 870,000-square-foot portfolio of single-tenant warehouses on behalf of MREF IV, located in U.K. markets characterized by growing logistics occupier demand and strong or improving local infrastructure.
In Caterham, Surrey, Moorfield has acquired an 84,048-square-foot distribution warehouse, with an adjoining 3,500 square feet roadside factory outlet, from Gold Group International Limited. The property is let to Ann Summers, on a 13-year lease, expiring in 2032, w
