European private equity real estate platform DFI, in a joint venture with AGRO Real Estate, have rebranded its UK urban logistics and industrial platform (the Platform) as Intown Logistics.
The Platform was established in 2023 and comprises c. 1 million ft² of space across 11 assets located in prime, urban logistics and industrial hubs including London, the South East and Manchester (Trafford Park).
Intown is focused on repositioning the assets through accretive cap ex investment, refurbishing whilst tenants remain in situ, to create best in class sustainable properties, in turn enabling it to trap significantly higher reversions from its quality tenant base.
Intown has completed multiple capex programmes with work on over 60 units either complete, underway or due to begin imminently.
In line with the Platform’s ESG-focused strategy, 25% of the portfolio is now rated EPC ‘A’ with 50%+ targeted by the end of 2025.
Additionally, following the upgrades numerous units are net zero carbon and automatic ESG data loggers have been installed across the portfolio, enabling Intown to monitor energy usage and improve environmental performance, as well as supporting growing rents and occupier demand.
Urban logistics remains a high conviction asset class for DFI and ARGO, underpinned by strong occupier fundamentals, low vacancy rates and a limited pipeline of new development.
The JV previously sold an asset in Weybridge in 2024, delivering strong performance for investors. It will continue to consider individual acquisitions and disposals, whilst building towards a platform exit or recapitalisation in the coming years.
Director at DFI, Jonni Glick, said: “These lettings and significant rental growth are testament to the hard work of the team to execute a comprehensive capex programme and unlock the substantial reversion potential within the portfolio.
“This has primarily been delivered through the improvement of EPC ratings to meet the demands of modern logistics occupiers for very well located, sustainable real estate.
“The new Intown brand gives the platform a clearer identity within the market as we consider future options while continuing to build out the portfolio and delivering further income growth.”
