King Street Real Estate’s Post

King Street Real Estate are thrilled to be recognised by CoStar Group as the Quarterly Deals winner in the North West for the acquisition of Movianto, Haydock Green acting on behalf of Clarion Partners Europe. Clarion, who raised £427m of equity commitments for the UK, core-plus logistics fund, have invested £170m within the last 5 months. The property was sourced and delivered off-market by Matthew Cox and the team at KSRE. The Haydock site comprises 381,146 sq.ft and is let to Movianto UK, a leading European supply chain solutions partner offering best-in-class quality for the pharmaceutical, biotech, medical devise and diagnostic industries. In a somewhat subdued UK market, the deal wraps up a busy first half-year for the team at KSRE which has included over £75m of acquisitions and disposals across the industrial, office, drive-thru and leisure sectors. Matthew Cox at King Street Real Estate commented: "with inflation now back at target levels and the first interest rate cut finally delivered by the BoE at the end of July, there is a clear direction of travel towards improving values and increased levels of investment activity. There is now far stronger alignment between vendors and buyers across all sectors - including importantly the recently maligned office and leisure sectors – two areas KSRE have been active in during 2024. Whilst the forthcoming Labour Autumn budget still holds a number of unknowns, and as the structural changes in the PAIF and reductions in the DB Pension Fund real estate allocations wash through, the sentiment heading into the remainder of the year, and early next, is undeniably positive". #industrial #realestate #investment #logistics

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