Investment sales jump starts logistics development

By Liza Helps Property Editor Logistics Matters

BOUNDARY REAL Estate Partners has sold its freehold interest in Bridge Park & Pinfold Road Industrial Estate to a private client of AP and with the fund raised aims to start the development of a 50-acre logistics scheme in Leicestershire.

Bridge Park & Pinfold Road Industrial Estate was acquired by Boundary in December 2021 as part of the Raynsway Portfolio.

Boundary Co- Founder Charlie Walker, said: “Following the completion of the sales programme from the office element of the portfolio, we are delighted to have now finalised the disposal of the industrial segment, following active asset management over the last three years. We are now focussed on delivery of the 50 acres of development land next to the A607, following planning permission earlier this year.”

The new development will provide up to 656,620 ft2 of warehouse/industrial space to provide a gateway location into Leicester, injecting capital into the region and providing substantial employment and economic growth, along with protecting, enhancing, and extending the area’s networks of green spaces.

The development will target BREEAM Excellent and EPC A ratings, ensuring that the design, construction and operation of the buildings meet the highest environmental standards and attract best-in-class operators/tenants.

ACRE Capital advised Boundary on the sale of Bridge Park & Pinfold Industrial Estate. The purchaser was represented by APB Leicester.