Elite Partners Capital ("EPC") has completed another acquisition of a distribution facility in the UK for over £30 million. Colliers advised Elite Partners Capital.
The asset is located within Wrexham Industrial Estate, a premier industrial location and one of the largest industrial estates in the UK, well placed to serve both England and Wales. The estate extends to over 550 hectares and is home to over 340 businesses creating employment for over 10,000 people.
The distribution facility, consisting of two detached industrial warehouse facilities, provides in total 723,114 sq ft of space on 45.9 acres land. It is fully let to one of the UK's largest shop-at-home retailers Shop Direct Home Shopping (a subsidiary of The Very Group).
This represents the first UK acquisition for the second series of EPC's Logistic Funds. Riding on its strong track record and the deep network the manager has built over the years, Elite Logistics Fund II continues to focus on building a portfolio of high-quality logistics warehouse or infrastructure across Europe and the UK.
The acquisition in Wrexham, says Victor Song, CEO of Elite Partners Capital, is part of the firm's bigger plan to amass an institutional-scale portfolio of prime logistics assets across Europe and the UK. He added, "We believe that this asset is particularly well-placed to benefit from the highly dynamic logistics market in the UK where the demand for logistics warehouses remains strong and resilient.”
B8 Real Estate acted for the vendor.