Thor Equities announces U.K. industrial portfolio sale

Thor Equities Group, in a joint venture with a fund advised by Morgan Stanley Real Estate Investing (MSREI), has sold a portfolio of prime U.K.-based big-box warehouses to BentallGreenOak. The financial terms were not disclosed.

The portfolio comprises seven stand-alone big-box warehouses with a total floor space of 2.1 million square feet. The portfolio’s assets are located in DIRFT, Daventry; Grove Park, Leicester; The Duke, Burton-on-Trent; Magna Park, Lutterworth; Warth Park, Raunds; Rye Park, Hoddesdon; and Hams Hall, Coleshill. Tenants in the portfolio include DHL, British Gas, Clipper Logistics, Sainsburys, Beko and DSV. The only vacant asset in the portfolio, MP411, has been newly refurbished and is located in Magna Park, Europe’s largest dedicated logistics park.

Joe Sitt, chairman of Thor Equities Group, said, “We were fortunate to have exchanged on this transaction at the height of demand for well-located industrial and logistic assets in major Europ