InfraRed Capital Partners acquires Triumph Business Park in Liverpool for c.£30m

16 October 2019 Investments
InfraRed Capital Partners Limited (“InfraRed”) has acquired, on behalf of InfraRed Active Real Estate Fund IV (“Fund IV”), the Triumph Business Park in Speke, Liverpool, a c.1m sq ft industrial estate totalling c.65 acres.

The park comprises an existing 825,000 sq ft offering a range of unit sizes, c.15 acres of open storage land and a c.10 acre development site. InfraRed intend to implement a value-add strategy, driving increased employment and inward investment in the area by developing a further 10 acres+ on the site. Additional asset management initiatives include letting vacant units following reconfiguration and refurbishment, renewing and re-gearing leases, implementing rent reviews and re-branding.

James Cooper, Director, Real Estate and Head of UK & Ireland commented: “We are delighted to have completed this transaction and look forward to implementing numerous initiatives on site. This includes development of a new multi-let format on surplus land, maintaining sustainable specification. The estate is only 7 miles from Liverpool city centre, benefitting from infrastructure improvements, increased urbanisation and strong tenant demand from bio-technical, pharmaceutical and last mile logistics operators. InfraRed has a 25-year track-record in this sector having acquired, developed and managed over c.17m sq ft of industrial assets and we continue to seek additional industrial opportunities throughout the UK. “

Andreas Katsaros, Director, Real Estate and Head of Strategy commented: “This marks our 10th acquisition in our Fund IV adding to its existing industrial holdings in the UK and complementing the Fund’s current office and residential assets in Germany, France and Ireland. We continue to expand our programme of value-add investing in sectors and locations propelled by technological, demographic and infrastructure changes. The Triumph Business Park, adjacent to Liverpool’s John Lennon airport fulfills all the above criteria.”

Taylor Wessing, J3 Partners, Peloton, Network Space and Christopher Dee acted for InfraRed. The vendor was represented by Remstone Property Management, B8 and Hill Dickinson

About InfraRed Capital Partners (InfraRed)

InfraRed Capital Partners is a global investment manager focused on infrastructure and real estate. It operates worldwide from offices in Sydney, London, Hong Kong, New York, Seoul and Mexico City. With around 160 professionals, it manages US$12bn of equity capital in multiple private and listed funds, primarily for institutional investors across the globe. InfraRed Capital Partners is authorised and regulated in the UK by the Financial Conduct Authority.

InfraRed implements best-in-class practices to underpin asset management and investment decisions, promotes ethical behaviour and has established community engagement initiatives to support good causes in the wider community. InfraRed is a signatory of the Principles of Responsible Investment and has been awarded triple A+ score in 2019 PRI assessment.

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