The Belvedere Estate Acqusition. Gerry Young.

Industrial & logistics, Investment, Lease advisory

SERGO

This project was worked on by the following people, working in partnership from across our business…

  • Luca Nardini Associate, Commercial Agency and Advisory
  • John Hulme Head of Industrial and Logistics Sector Partner, Commercial Agency and Advisory

Key information

Montagu Evans advised SEGRO on the off-market acquisition of a 20.14-acre site in Belvedere for a fee of £96.2m, a record fee in the area. The acquisitions kicks off a 6-year business plan for SEGRO which is anticipated to create circa 450k sqft worth pf new logistic and business space in the area.

Alan Holland, MD for Greater London, Segro said: “The purchase of this industrial estate in the Belvedere area sub-market will complement our existing Greater London portfolio and supports our urban growth strategy in south east London. 

For Montagu Evans, the deal creates lease advisory work on the remaining income of the estate, agency work and potential rating work.

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