UK-based real estate operating partner and investment manager ARGO Real Estate has acquired two urban multi-let industrial estates in Chelmsford and Oxford.
The acquisitions formed part of ARGO’s brown-to-green urban logistics strategy with Blue Coast Capital with the assets acquired from a UK institution.
Northumberland Court in Chelmsford comprises nine units ranging from 4,500ft² to 26,000ft², with the asset totalling c. 92,000ft².
Cowley Business Centre in Oxford comprises three units ranging from 7,000ft² to 21,000ft² with the asset totalling c. 37,000ft².
The estates are both fully let, totalling c. 129,000ft², with a combined price in the region of £28 million.
Reportedly, these acquisitions are the latest deals as part of ARGO’s joint venture with Blue Coast Capital, which made its debut in March 2025 with the purchase of the Tuscam Trading Estate in Camberley, for around £40m.
Subsequently in June 2025, ARGO acquired the Harp Trading Estate in Trafford Park, Manchester and most recently secured Beckton Trade Park in East London, in December last year.
Investment manager at ARGO Real Estate, James Brown, said: “The acquisitions in Oxford and Chelmsford present an attractive opportunity to acquire high‑quality, multi‑let, urban industrial space in supply‑constrained locations.
“Through hands-on asset management and our brown‑to‑green strategy, we see meaningful opportunities to enhance sustainability credentials and occupier appeal, driving both rental and capital growth.”
