Block Industrial, a joint venture created by Copley Point Capital and Davidson Kempner, has acquired three logistics properties in the UK for approximately £36 million, aiming to generate long-term income through stable tenant leases.

Information on the Target

Block Industrial, a newly established joint venture between Copley Point Capital Ltd and Davidson Kempner European Partners LLP, recently announced the acquisition of three logistics properties located in Ripon, Bury St Edmunds, and Bristol, encompassing a total area of 414,800 sq. ft. The total investment for these acquisitions amounts to approximately £36 million, marking Block Industrial's first three transactions following its launch earlier this year.

The assets acquired align with Block Industrial's stated strategy of obtaining single-tenant commercial properties that generate stable, long-term income for its investors. Each property is strategically located to serve key distribution and logistics functions for their respective tenants.

Industry Overview in the United Kingdom

The logistics sector in the United Kingdom plays a crucial role in driving economic growth and efficiency in supply chain management. With the exponential growth of e-commerce and online retailing, the de