ALMCOR and St Francis Group have sold an 80-acre logistics site at Horizon 29 in Derbyshire to BentallGreenOak and Equation Properties for £39.9 million, aiming to reinvest the proceeds into other substantial projects.

Target Information

ALMCOR and St Francis Group have successfully sold an extensive 80-acre warehouse project located at Horizon 29 in Derbyshire to BentallGreenOak (BGO) and Equation Properties for nearly £40 million. This site is slated for the development of a logistics project spanning 1.2 million square feet, highlighting the growing demand in the logistics sector.

The transaction marks a significant milestone for the joint venture, previously known as iSec, as they capitalize on the value of land acquired in 2012. The proceeds from the sale amounting to £39.9 million will be strategically reinvested into ongoing large-scale projects, including the Thames Enterprise Park in Thurrock, further underscoring the maturity and attractiveness of the site.

Industry Overview in the UK

The logistics sector in the UK has seen rapid growth in recent years, driven by increasing online shopping and the need for efficient supply chain solutions. The surge in e-commerce