Acquisition of Matrix Swap. Gerry Young.

Industrial & logistics, Investment, Lease advisory

SEGRO

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 acquisition of Matrix Park, Park Royal, for £140m. It compromises 256,000 sq ft of multi-let industrial accommodation and a 1.4 acre development site. The estate is fully let to seven tenants across 11 units.

In a property swap transaction, SREF acquired three multi-let industrial estates and one urban lositics unit in Greater London and two national logistics units in the West Midlands. The portfolio totals 880,000 sq ft and the assets totalled £205m. The balance of £65m has been paid by Schroders to Segro in addition.

The £140m acquisition of Matrix Park by Segro was completed in October 2021 and reflects a net initial yield of 2.91% and a capital value of £546 psf.

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The Belvedere Estate Acqusition. Gerry Young.

Industrial & logistics, Investment, Lease advisory

SERGO

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