Elite Partners Acquires Distribution Facility in UK
2022年7月6日 - 6:25PM
JCN Newswire
Elite Partners Capital ("EPC") has completed another acquisition
of a distribution facility in the UK for over GBP 30M.
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 Wales and England. 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 sqft of built up space on a
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 - a multi-brand online retailer and financial
services provider in the UK and Ireland).
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, according to Mr. 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".
The UK Industrial & Logistics sector has seen an outperformance
due to the e-Commerce boom over the years, which was further
accelerated by the Covid-19 pandemic.
For this transaction, Colliers acted for Elite Partners Capital and
B8 Real Estate acted for the vendor.
About Elite Partners Capital
Incorporated in 2017, Elite Partners Capital is a Singapore-based
licensed fund manager. The Elite Logistics Fund series has a
Pan-European strategy focusing on prime logistics assets in the
high-growth and defensive sectors.
Media Contact:
enquiries@elitepartnerscapital.com
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