Swiss Life Asset Managers has acquired a modern, well-located warehouse unit in Avonmouth. This deal marks Swiss Life Asset Managers’ first U.K. acquisition on behalf of its Pan-European industrial and logistics fund.
The highly specified unit, constructed in 2022, is located in Avonmouth, a strategic Southwest location for distribution warehouses near Bristol. The property, which is let to a third-party logistics provider, has a weighted average unexpired lease term (WAULT) of 8.7 years. The property is close to the Port of Bristol and Bristol Airport and benefits from the city’s deep, highly skilled labor pool and strong occupier base.
“This acquisition marks an important milestone for our Pan-European industrial and logistics fund. As institutional capital continues to flow into the sector, demand for modern, energy-efficient warehouse space continues to grow across the United Kingdom, underpinned by stable valuations, resilient occupier markets, supply constr
