CBRE Global Investment Partners has committed £25m to unlock the development of a number of strategic logistics sites controlled by Roxhill.
The 24 sites cover 1,850 net developable acres, and have either received or are in the process of applying for planning permission to develop 33m sq ft of logistics facilities.
CBRE GIP originally invested in Roxhill in 2012 through a co-investment vehicle with Forum Partners.
Roxhill is now capitalised with £105m of equity and no debt.
CBRE GIP UK managing director Alex Bignell said: “This investment demonstrates CBRE GIP’s ability to access investment opportunities with strong market fundamentals in partnership with leading specialist operators.
“The UK has a structural undersupply of large modern warehouses to serve growing e-commerce-driven demand. Roxhill has assembled a strategically located portfolio of sites and is uniquely well placed to capitalise on occupier demand for logistics facilities.”
Roxhill managing director Jason Dalby said: “Roxhill is delighted to announce this additional £25m of funding from CBRE GIP. This will allow Roxhill to take forward some of our major schemes that require more capital for land purchase and implementation of infrastructure.”
