Oryx acquires €29m logistics development on behalf of Middle East investors
Oryx Real Estate Partners, the investment and asset management firm specializing in deploying international private capital, has acquired a five-acre logistics site in Milton Keynes, marking its debut U.K. logistics investment. Pembury Real Estate will act as development partner for the project, which has an estimated development value of between £25 million and £30 million (€29 million and €34 million/$31 million and $37 million).
The transaction aligns with Oryx’s strategy of identifying suitable sites and developing well-located logistics facilities. The sector continues to witness robust occupier demand and offers an attractive entry price point, with values now stabilizing following a period of correction, making it a defensive allocation option amid wider volatility. The company’s investment pipeline comprises c. £300 million (€345 million/$373 million) of additional logistics sites, offices, residential blocks and opportunistic distressed assets, with dea