Oxford Properties Group and Logistics Capital Partners (LCP), a developer and asset manager of logistics real estate across Europe, have formed a new co-investment joint venture to acquire a 734-acre site near Birmingham, England, which they will develop into a major new logistics hub with associated rail freight terminal known as West Midlands Interchange.
Oxford and LCP will jointly invest £1 billion (€1.2 billion/$1.4 billion) to bring forward the project over a number of years, with Oxford providing the majority of the capital and working alongside LCP’s highly experienced and professional team as development manager. West Midlands Interchange will be a technologically advanced and environmentally sustainable development which meets modern occupiers’ efficient operational and environmental requirements.
Planning consent has already been secured by the vendors, which allows for the delivery of around 8 million square feet of prime logistics space and provide
