Global investors acquire flagship Leeds logistics hub

A large infrastructure investment company has acquired three new units in Leeds.

The units, totaling 119,500 sq ft, have been purchased from CDP Marshall at the flagship 62 Leeds logistics hub.

This move has demonstrated the continued high level of demand for prime mid-box units in the regional industrial sector.

The acquisition from CBRE Global Investors includes the investment of the 42,000 sq ft Unit 5 which is currently being let to Johnsons Apparelmaster Ltd for 15 years, along with the 57,500 sq ft Unit 6 and the 20,000 sq ft Unit 7 which are both currently under construction and scheduled for completion in September 2020.

62 Leeds is an established industrial warehouse development on Geldard Road by junction 27 of the M62 and is home to high-profile occupiers including Lidl, Unitrunk, Johnsons Dry Cleaners and Turners Accident Repair Centers.

Sophie Angus, associate director at CBRE Leeds said: “CBRE Global Investors acquisition at 62 Leeds reflects the strength and confidence in the regional industrial and logistics market and prime detached warehouse units such as these are in very short supply.

“As such, the new units becoming available in September will be extremely well received by the occupier market.”

CBRE Global Investors was advised by Carrick Real Estate and the joint agency team of CBRE and Carter Towler represented CDP Marshall in the transaction.