Oxford Properties Group , a leading global investor, developer and manager of commercial real estate, alongside Logistics Capital Partners, a best in class developer and asset manager of logistics real estate across Europe, has acquired a 15-acre site in Heathrow, London. Oxford’s acquisition marks its first direct logistics investment in Europe, with plans to redevelop the site to provide a market leading purpose-built prime logistics space.
Oxford secured the transaction with Logistics Capital Partners , and has retained LCP as investment, asset and development manager for the scheme over the following years. The venture intends to deliver a technologically advanced and environmentally sustainable development that meets the increasing requirements of occupiers and is consistent with creating exceptional buildings that contribute to the wider community in which they exist.
The site is located immediately adjacent to the east of London Heathrow Airport perimeter, one of the world’s busiest international passenger and cargo airports, and a prime location for logistics real estate with excellent connectivity to Central London and the rest of the UK via the nearby M25 and M4 motorways.
Oxford manages a £4.7 billion global portfolio of industrial real estate exposure across North America, Europe and Asia Pacific. Oxford has had exposure to European logistics since 2018 through its investments into indirect logistics vehicles with assets in the UK, Germany and France. Over the past two years, Oxford has built and invested in best-in-class logistics platforms across the globe to substantially increase its weighting to the sector.
At the start of 2018, logistics represented only 4% of Oxford’s assets; today, it’s rapidly closing in on its ambition to have approximately a third of its deployed equity in the asset class. Oxford intends to deploy £3 billion of capital in the European logistics sector over the next five years in platforms and portfolios of scale.
Source : Company