Partners Group has acquired a portfolio of 27 light industrial properties in the United Kingdom with a total leasable area of approximately 3.6 million square feet, on behalf of its clients.
The portfolio was acquired from specialist real estate investor Paloma Capital for £253 million (€286 million/$347 million).
Partners Group intends to scale the portfolio with an additional £200 million (€226 million/$274 million) of equity to fund new acquisitions of U.K. light industrial assets over the next 24 months.
The portfolio is spread across the United Kingdom, with most properties in the West Midlands, Yorkshire and the North West. The properties are well positioned to benefit from the structural tailwinds driving the growth of ecommerce, which has further accelerated following the outbreak of COVID-19. The portfolio has a diversified income stream with a tenant base of more than 250 companies from a range of sectors, including logistics, engineering, distri
