Leopard Capital has sold an Amazon distribution centre in Welwyn Garden City to Legal & General for £5.525m.
The unit is let to Amazon UK Services on a new 10-year lease from April 2026, following a lease regear completed ahead of the sale. L&G owns the neighbouring CityPark estate.
Alex Fordyce, managing director of Leopard Capital, said: “This disposal reflects the value we’ve been able to create through active management. Securing a long-term regear with Amazon ahead of sale was central to that, and we’re pleased to have delivered a strong outcome for our investors. We continue to look for similar opportunities across the UK industrial market.”
Will Gubb, head of industrial capital markets at Knight Frank, which advised Leopard on the sale, added: “We are delighted to have advised Leopard Capital on this off-market disposal, having advised on the lease renewal earlier in the year. We continue to see strong demand for well-located industrial assets in core South East markets where there is continued rental growth forecast; this is a trend we expect to continue throughout 2026.”
Kimmre acted for L&G.
