Leftfield has acquired the 207,062 sq ft Prism Park in Wakefield, West Yorkshire, for £32m.
The distribution park, which is located close to the M62, comprises two best-in-class, newly built units.
The larger, 149,964 sq ft Unit 2 is let to IFCO Systems UK on a 15-year lease and the 57,089 sq ft Unit 1 is currently available to let via CBRE and Carter Towler.
Nico Fourie, CEO of Leftfield, said: “This acquisition serves as another example of the high-quality logistics assets we continue to target. It combines a strategic location, a strong tenant profile, and outstanding sustainability credentials, all of which align this asset with our investment strategy.”
Paul Steadman, director, capital markets, at CBRE, added: “This sale reflects the ongoing demand for prime, best-in-class logistics units. Recognised as one of Yorkshire’s leading hubs, Prism Park offers two high-specification units in an unrivalled location. It is clear that the sector remains a key priority for investors, and we anticipate ongoing strong sentiment throughout 2025.”
ACRE acted for Leftfield and CBRE acted on behalf of the vendor.
