Crossbay, the pan-European urban logistics platform of private equity real estate manager MARK, has acquired a 65,000sqft UK asset to its portfolio.
91传媒在线 understands that Crossbay acquired the single-let warehouse in Dartford from investment firm for approximately 拢13m (鈧�15.6m).
With this acquisition, Crossbay鈥檚 UK portfolio has now exceeded 1m sqft. Crossbay鈥檚 European logistics portfolio, now exceeding 5m sqft, includes assets in the UK, Benelux, Germany, France, Italy and Spain.
Crossbay CEO Marco Riva, said: 鈥淪harply rebased values and the ongoing market recovery has created an attractive buying window in the UK and we see this extending into 2025. Being well capitalised and having a granular origination function means we are well placed to take advantage of this.
鈥淥ur conviction in the UK is also informed by its high volumes of legacy stock that fail to meet today鈥檚 regulatory standards, making it strategically aligned with our focus on investments where reversionary potential and sustainability-linked outperformance can be unlocked through comprehensive refurbishment programmes.鈥�
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