Royal London Asset Management Property has acquired a 82-acre logistics development site near Leicester for an undisclosed price.
The company is partnering with Canmoor to speculatively develop 1.2m sq ft of prime logistics space, including a 500,000 sq ft unit, at the £300m GDV Enderby Logistics Hub.
Matthew Barnes, senior industrial asset manager at Royal London Asset Management Property, said: “Enderby Logistics Hub represents a unique opportunity to design and develop a best-in-class, multi-unit logistics asset, in a market showing strong fundamentals, where the availability of Grade A supply is declining. This acquisition represents a continuation of our strategy to acquire prime industrial development sites, building on the successes of 2024.
“The East Midlands continues to be the most sought-after location for logistics occupiers. With the largest unit planned at 500,000 sq ft, we are focusing on an underserved segment of the market where larger units are in high demand but short in supply. We are pleased to be working with Canmoor again to deliver this asset, which will provide long-term returns for Royal London members.”
Tom Hughes, development director at Canmoor, added: “We are delighted to be partnering once again with Royal London Asset Management Property to bring forward Enderby Logistics Hub – our third successful acquisition with the company. This continued collaboration reflects our shared commitment to delivering best-in-class developments across the UK.
“With its outstanding connectivity and impressive scale, Enderby Logistics Hub presents a unique opportunity to meet the rising demand for high-quality logistics space. We are particularly excited about the potential to create a flagship scheme that not only prioritises operational efficiency but also sets new standards in sustainability. This development will play a key role in shaping the future of logistics in the East Midlands.”
DTRE acted on behalf of Royal London Asset Management Property and Canmoor and Cushman & Wakefield and Mather Jamie acted for the vendors.
