Leftfield has acquired Waitrose’s new 360,926 sq ft regional distribution facility in Severnside from Mountpark for an undisclosed price.
The unit is let to the retailer on a 15-year lease and will support Waitrose’s operations and expansion in the South West.
The facility has secured BREEAM Outstanding and EPC A+ ratings and features several sustainability measures, including 1,200 rooftop solar panels generating 625 kVA of power.
Strategically located with direct access to the M49, M4 and M5, the unit occupies a prime position within Central Park, Avonmouth.
Bart Holt-Smith, director, capital markets and development at Mountpark, said: “Following the successful leasing to Waitrose last year, we are pleased to have concluded the sale of the unit to Leftfield in what was a smooth transaction in a short timescale. Despite the challenging investment market conditions seen in 2025, the leasing and subsequent sale highlights the resilience of the logistics market and reaffirms Mountpark’s strategy of developing ‘best-in-class’ logistics warehousing that aims to capture premium investment pricing.”
Nico Fourie, from Leftfield, added: “We are delighted to acquire a warehouse of this quality developed by Mountpark. It reinforces Leftfield’s commitment to quality buildings with strong occupiers in resilient locations. The building is another excellent addition to Leftfield’s Fund III, a pure theme industrial and logistics warehouse portfolio.”
Leftfield was advised by Howard Kennedy, Shoosmiths, Colliers and CBRE.
