Cube RE (Cube) has acquired the freehold interest in the 20,830 sq ft Logistics House distribution warehouse on Charles Avenue in Burgess Hill for an undisclosed price.
The warehouse is located on Victoria Industrial Estate and is fully let to International Logistics Group with the lease close to expiry.
The purchase by Cube, on behalf of the Hathaway Opportunity Fund (HOF), its joint venture with the NFUM, provides an opportunity to refurbish the unit and capture reversion in line with prime rents in the area.
Nick Robinson, investment surveyor at Cube RE, said: “This acquisition represents a disciplined addition to the Hathaway Opportunity Fund and reflects our continued focus on securing well‑located assets with strong underlying fundamentals. Burgess Hill remains a resilient and strategically important logistics location, and the property’s reversionary profile provides clear potential to enhance income performance over the short-medium term. We are pleased to strengthen the HOF portfolio with an asset that aligns with our long‑term investment objectives.”
Cube RE was represented by Newmark and SBY advised the vendor.
