Clipstone Investment Management has completed the acquisition of the Project Akoya portfolio and acquired an additional six industrial estates across the South East of England.
The Akoya portfolio comprises five multi-let industrial estates in Haringey, Woolwich, West Thurrock, Orpington and Watford.
The six industrial estates, which are located in Luton, Witney, Crawley, Horsham, Fareham and Park Royal in West London, were acquired for £64.5m via separate transactions.
Toby Dean, chief executive of Clipstone Chief Executive, said: “Following the portfolio sale to Sixth Street in late 2025, our REIT has been re-deploying the proceeds of that sale via a joint venture with our newly formed charities fund. We are delighted to have completed the acquisition of 11 industrial estates for a combined purchase price in excess of £140m.
“With 59% by floor space located within Greater London and the remaining properties in South East locations with an occupational supply and demand imbalance, the acquisitions reflect Clipstone’s tried and tested strategy of opportunistically acquiring good quality, reversionary industrial estates in strong occupational markets and implementing targeted asset management programmes to enhance value.”
ACRE acted for Clipstone on the Akoya acquisition and Knight Frank and CBRE acted for the seller. SBY, Knight Frank, Allsop, Cogent and Logix acted for Clipstone on the additional industrial acquisitions. Russell-Cooke acted for Clipstone on all the acquisitions.
