News
London Industrial

KWE Buys Ipswitch Distribution Warehouses For £11.3M

Kennedy Wilson Europe Real Estate Plc acquired distribution warehouses in Ipswich for £11.3M
Photo credit: Courtesy of Kennedy Wilson Europe Real Estate

Kennedy Wilson Europe Real Estate Plc bought two distribution warehouses at the Orion Business Park, Ipswich, for £11.6M, reflecting a yield-on-cost of 8.1%. Acquired in two separate transactions, the two adjoining units are fully let to local and national logistics companies and offer over 203k SF in aggregate.

Following this acquisition, KWE’s UK industrial portfolio includes 31 assets comprising over 3.1M SF, with an aggregate investment value of £200.8M. The portfolio is 96% occupied.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's London Newsletters
Related Stories

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Philly's Big-Box Warehouse Owners Subdivide Spaces After Developing 'The Wrong-Size Buildings'

Blackstone Sells $1B Industrial Portfolio To Atlanta-Based Investor

Equinix Bets Big On Slough Data Centres: The London Deal Sheet

Redevco Buys 560K SF Jaguar Land Rover Logistics Hub In UK IOS Push

Fined For Rotting Food At Burned LA Cold Storage Warehouse, Lineage Plans To Rebuild

Unite Looks To Reshape Student Portfolio After £417M First-Half Loss

Americold Abandons Automated Warehouse Partnership

Rexford Planning Up To $2B In Dispositions This Year

Industrial Consolidation Continues With European Giants Agreeing To $15B Merger

Blackstone's Industrial Arm Sells Revere Warehouse For $45M

Arada Pushes Forward £2.5B Docklands Scheme: The London Deal Sheet