Harleyford Capital has acquired five urban logistics facilities across the North West and Yorkshire for a combined £35m.
The warehouses measure a total of 350,000 sq ft. The deals were transacted by the newly formed Harleyford Logistics Partnership, which is set to assemble a £300m logistics portfolio across the UK’s metropolitan areas, in partnership with Tristan Capital Partners.
Dean Harrison, managing director for investments at Harleyford Capital, said: “Following the recent market correction, supply and demand dynamics continue to translate into rental growth outperformance for well-located and modern assets.
“Leveraging our highly localised sourcing network across the UK, coupled with more than £250m of capital immediately available for deployment, we expect to remain very active in the last-mile sector throughout 2024 and 2025.”
The move follows the acquisition of an 8.5-acre development site in north-west London, where the firm has partnered with Fiera Capital’s real estate division to deliver an £80m speculative logistics scheme as part of a separate urban logistics development strategy.
Harleyford was founded in 2022 by Dean Harrison and Thomas Mallindine, former directors at global investment manager InfraRed Capital Partners, and Zayn Khamisa, together with Fiera Real Estate. The management team has transacted more than £2bn of pan-European real estate in their previous roles.
Harleyford Capital and Tristan Capital Partners’ EPISO 6 Fund were advised by Simmons & Simmons, Workman, DTRE and NorthCap.
Photo © Marcin Jozwiak/Unsplash
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