Carlyle and ESR Europe have acquired a 221,000 sq ft logistics facility in Talke, Stoke-on-Trent, for an undisclosed price.
ESR will manage Enterprise House, which is currently let to AAH Pharmaceuticals, on behalf of funds managed by Carlyle Europe Realty, Carlyle’s pan-European real estate strategy.
Built in 2006, the asset features 12.5m eaves height, deep yards and power capacity of 12.6 MVA. Carlyle and ESR will seek to further enhance the asset through an active refurbishment programme, including EPC upgrades, installation of EV charging points and improved loading infrastructure.
Gordon Kellie, head of UK real estate in Carlyle’s Europe Realty advisory team, said: “This acquisition highlights our ability to identify and actively manage high quality logistics assets in core UK locations. We see clear opportunities to enhance Enterprise House through targeted investment and hands-on asset management while continuing to build scale and momentum across our UK logistics portfolio, with the support of ESR Europe.”
Roun Barry, CEO of ESR Europe, added: “This transaction represents another successful acquisition in the UK logistics space, and is indicative of our ambition to continue to aggregate similar properties to the portfolio. Through a disciplined approach to asset selection and management, we continue to identify strong opportunities for long term value creation in the competitive UK logistics sector, and we remain actively engaged in pursuing additional strategic deals alongside Carlyle.”
