Melcombe Partners, a European real estate investment manager, has acquired two urban logistics properties in London on behalf of a recently set up joint venture.
The properties cover a total of c. 200,000 sq ft and with one located within the established West London and Heathrow market, and the other in West Thurrock an emerging market servicing Central London. The West London asset is let to an international logistics operator while the West Thurrock one is currently being marketed. They both benefit from excellent logistics specifications and are well positioned to capture the sustained growth of the urban logistics and e-commerce sectors with strong last mile distribution features.
Peter Freeman, Head of UK at Melcombe, said, “These two acquisitions reflects our focus on acquiring strategically located assets with strong logistics fundamentals . These are our first acquisitions in the Greater London market and we look forward to adding to our portfolio in the coming months.”