Portfolio composition
Multi-let weighting80.3%
Occupancy93.7%
Estates60
Occupiers409
Contracted rent£42.5m p.a.
Portfolio — the grid of bays
Operational, multi-let, actively managed
Sixty estates and 6.9m sq ft of multi-let industrial space, concentrated in the UK’s best-connected logistics corridors. Below are the flagships — each one a bay in the grid.
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01—Investment focus
Where Britain’s businesses operate
We concentrate on multi-let urban warehouses in the UK’s key industrial hubs — the North West, the Midlands and the Oxford–Cambridge Arc — where occupier demand is deep and new supply is structurally constrained.
Multi-let estates give occupiers the flexibility to grow, deliver multiple lease events per year to capture reversion, and diversify income across many businesses and sectors. By the end of the cycle, multi-let assets made up 80.3% of the portfolio.
02—Flagship estates
Seven of the sixty
A representative cross-section of the portfolio. Estate-level figures are as reported at 31 March 2024; headline portfolio figures are as at 31 March 2025.
Midpoint 18Middlewich, Cheshire
FlagshipArea725,000 sq ft
Units24
Tenants17
Rent p.a.£4.4m
WAULT7.9 yrs
Queenslie ParkGlasgow
ScotlandArea395,000 sq ft
Units73
Tenants46
Rent p.a.£1.7m
WAULT3.2 yrs
Boulevard Industrial ParkSpeke, Liverpool
North WestArea390,000 sq ft
Units4
Tenants2
Rent p.a.£1.5m
WAULT5.2 yrs
Bradwell AbbeyMilton Keynes
MidlandsArea335,000 sq ft
Units69
Tenants41
Rent p.a.£2.8m
WAULT4.8 yrs
Knowsley Business ParkKnowsley, Merseyside
North WestArea301,000 sq ft
Units17
Tenants8
Rent p.a.£1.6m
WAULT4.9 yrs
Gateway ParkBirmingham
MidlandsArea220,000 sq ft
Units30
Tenants22
Rent p.a.£1.7m
WAULT3.3 yrs
Granby Industrial EstateMilton Keynes
MidlandsArea147,000 sq ft
Units24
Tenants19
Rent p.a.£1.3m
WAULT5.3 yrs
03—Estate spotlight
Midpoint 18, Middlewich
725,000 sq ft of multi-let industrial, one mile from M6 Junction 18 — the flagship North West estate.
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Occupancy
Specification
Eaves height8–12.5m
Unit range6,000 – 120,000 sq ft
EPCA–B (refurbished units)
ConnectivityM6 J18 · A54 · Crewe rail
Yard depthUp to 50m
PowerUpgraded incomers, EV-ready
Selected occupiers
DHL
Howdens
Travis Perkins
Plus 14 regional occupiers
Acquisitions
Have an estate that fits the thesis?
We’re always looking for well-located multi-let industrial. Landowners, developers and agents — let’s talk.