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Asia and the UK logistics market

Asia and the UK logistics market
11th May 2017

Asia and the UK logistics market

In April 2016, Mountpark completed the biggest ever UK deal for an industrial unit – 1m sq ft in Bardon, Leicestershire sold for £126m to a Korean private investor. The unit was let to Amazon and represents a yield of 4.5%. This deal demonstrates the significant interest from Asia in the UK logistics market, especially from investors seeking income generating assets. Another huge deal completed later in the same month saw IM Properties selling an industrial portfolio of 18 assets totalling 2m sq ft for £200m to the Malaysian Employees’ Provident Fund (EPF).

Meanwhile, the latest notable deal for a shed in the Midlands, fully let to Sainsbury’s, is close to completion. The Korean private investor is thought to be paying £100m for the 700,000 sq ft site in Hams Hall near Birmingham. The distribution centre was built in 2002 and owned by Sainsbury’s until 2008, when they completed a series of sale and leaseback deals. IM Properties bought the shed from Sainsbury’s for £70.1m, who then signed a new 25 year lease.

This news was brought to you by Morgan Pryce, a specialist tenant acquisition agent with offices in Oxford Circus and the City. Morgan Pryce specialises in search, negotiation and project management and works exclusively for tenants.


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