• AXA IM Alts
  • AXA IM - Real Assets to build c. 1 million sq ft of logistics in U.K.’s ‘golden triangle’ following acquisition of development site
Deal News

AXA IM - Real Assets to build c. 1 million sq ft of logistics in U.K.’s ‘golden triangle’ following acquisition of development site

  • 24 November 2020

AXA Investment Managers - Real Assets ("AXA IM - Real Assets"), a global leader in real asset investments and the leading1 real estate portfolio and asset manager in Europe announces that it has agreed to acquire, on behalf of clients, a prime logistics development site in the U.K.’s logistics ‘Golden Triangle’, from a private landowner.

The 64-acre site has planning consent for up to c. 1 million sq ft of Grade A logistics space. The site will be developed by Baytree Logistics Properties, the pan-European logistics and industrial development platform launched by AXA IM - Real Assets in 2015, on a part build-to-suit and part speculative basis. The new project will be designed to deliver modern and flexible industrial and logistics space and will be built to high environmental standards.

Strategically located in Nuneaton, in the Midlands, the site benefits from excellent power and transport infrastructure links, as well as a good supply of local labour. Within 20 minutes, occupiers can access five national motorways; the M6, M69, M1, M42, and M45, reaching 86% of the UK population within 4.5 hours. The Midlands ‘golden triangle’ logistics market accounted for 63% of national take up in 20192 and has continued to prove resilient against a Covid-19 backdrop.

This transaction furthers AXA IM - Real Assets’ exposure to one of the UK’s leading logistics markets, and adds to its c. €1.6bn European logistics portfolio3 .

- ENDS -

  • U291cmNlOiBJTlJFVi9BTlJFViBGdW5kIE1hbmFnZXIgU3VydmV5IOKAkyBKdW5lIDIwMjAg4oCTIGluIHRlcm1zIG9mIGFzc2V0cyB1bmRlciBtYW5hZ2VtZW50


    This document is aimed solely at the media and is for information purposes only. The opinions expressed here are the views of the author and do not constitute investment advice. This is not a recommendation to purchase, sell or subscribe to financial instruments, an offer to sell investment funds or an offer of financial services. This press release is as dated. They do not necessarily represent the views of any company within the AXA Investment Managers Group and may be subject to change without notice. This does not constitute a Financial Promotion as defined by the Financial Conduct Authority. This is for information purposes only. No financial decisions should be made on the basis of the information provided. Past performance is not necessarily representative of future results: performance is not constant over time and the value of investments may fall as well as rise.