Redevco has acquired a logistics fleet facility in Widnes for an undisclosed price.
The facility, which provides approximately 560,000 sq ft of space spread across a 17-acre site, is fully let to Jaguar Land Rover (JLR) and operated by DHL, and provides a combination of warehousing and vehicle maintenance functions.
Strategically located adjacent to the Inland Rail Freight Terminal in Widnes, the asset has recently been refurbished as a build-to-suit facility for JLR.
The acquisition expands Redevco’s industrial outdoor storage (IOS) footprint to 5.2m sq ft and €155m of assets under management across 11 sites.
Hugh Macdonald-Brown, head of Redevco Logistics, said: “This acquisition is a strong addition to our growing logistics platform and underlines our conviction in the IOS sector. Assets of this scale, location and tenant quality are increasingly scarce, yet essential to the efficient functioning of supply chains. The Widnes facility combines strategic connectivity with a high quality occupier, supporting long-term income resilience and future growth potential.”
Savills, Wildbrook, Air BC and Osborne Clarke advised on the acquisition.
