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Indurent continues UK growth with £200 million industrial & logistics acquisition
Transaction forms part of wider £1 billion of acquisitions Indurent has undertaken in 2024
Indurent, a leading developer and operator of warehouse space across the UK, has acquired an 18-asset portfolio for approximately £200 million.
This transaction is the latest in Indurent’s £1 billion of acquisitions undertaken this year, comprising c. £600 million invested into purchasing high quality operational assets and c. £400 million invested or committed to funding new developments.
The portfolio comprises a mix of multi-let estates and mid-box warehouses located across the UK, as well as two land plots offering further development potential. A large proportion of the portfolio is located within or near to large urban areas, including Leeds, Manchester, Reading and Birmingham.
Indurent will undertake an extensive refurbishment programme across the portfolio, including improvements in energy efficiency and ESG credentials, with a view to ensuring the units are suitable for modern warehouse occupiers.
“The long-term outlook for the sector remains highly compelling. This acquisition further underlines our commitment to building a portfolio of high-quality, well-connected assets which give our customers the best choices from which to run and grow their businesses.”
“We are actively seeking opportunities to expand our portfolio in 2025 through further acquisitions, as well as developing an additional 2 million sq ft of new sites each year from our significant landbank, creating jobs and fuelling national and regional growth.”
Julian Carey, CEO at Indurent