DFI and joint venture partner ARGO Real Estate have rebranded their UK urban logistics and industrial platform as Intown Logistics.
The platform, which was established in 2023, comprises circa 1m sq ft of space across 11 assets located in prime, urban logistics and industrial hubs.
Intown is focused on repositioning the assets through accretive capex investment to create best-in-class sustainable properties. The platform has already completed multiple capex programmes with work on more than 60 units either complete, underway or due to begin imminently. As a result, 25% of the portfolio is now rated EPC A with 50%+ targeted by the end of 2025.
Jonni Glick, director at DFI, said: “These lettings and significant rental growth are testament to the hard work of the team to execute a comprehensive capex programme and unlock the substantial reversion potential within the portfolio. This has primarily been delivered through the improvement of EPC ratings to meet the demands of modern logistics occupiers for very well located, sustainable real estate. The new Intown brand gives the platform a clearer identity within the market as we consider future options while continuing to build out the portfolio and delivering further income growth.”
Crispin Gandy, CEO at ARGO Real Estate, added: “The JV’s assets are located in some of the UK’s strongest urban logistics markets where quality space is scarce and demand is broad based. We are continuing our strategy of refurbishing assets with tenants in situ, transforming them into best-in-class sustainable properties and delivering superior risk adjusted returns in the process. This portfolio combines exceptional locational quality with sustainability at scale, offering space relevant to modern occupier needs and underpinned by granular data insights to drive further performance. Bringing them together under the Intown Logistics brand is a natural step in building out the platform.”
