Investcorp has bought a prime logistics facility in Scotland for £23.2m.
Acquired from a UK fund, the 333,000 sq ft facility at Eurocentral in Motherwell is let to GXO Logistics.
Neil Hasson, head of Investcorp European Real Estate, said: “This latest acquisition of a prime logistics facility aligns with our strategy to focus on UK logistics assets. High occupier demand and constrained supply are creating attractive investment opportunities. We continue to monitor opportunities in the UK logistics and industrial sector, as well as actively manage our portfolio for the benefit of our investors.”
Since launching its European real estate business in 2017, Investcorp has acquired around €1.3bn (£1.2bn) of real estate across the UK and Europe. Investcorp’s European portfolio now consists of 10 office properties across Germany, the Netherlands, Belgium, Italy and the UK, 36 UK industrial assets and in excess of 550 student beds in the UK.
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