ESR Europe has announced the acquisition of Enterprise House, a 221,000ft² purpose-built logistics facility in Talke, Stoke-on-Trent.
ESR will manage the asset on behalf of funds managed by Carlyle Europe Realty, Carlyle’s pan-European real estate strategy.
Located within 10 minutes of the M6 motorway and equidistant between Manchester, Birmingham, Sheffield and Liverpool, Enterprise House provides excellent connectivity to major national UK submarkets.
Built in 2006 to an institutional-grade specification, the asset features 12.5m eaves height, deep yards, and significant power capacity (12.6 MVA).
Currently let to AAH Pharmaceuticals, the asset has in place secure income from an institutional-grade covenant while Carlyle and ESR seek to further enhance the asset’s positioning.
This includes an active refurbishment programme, including EPC upgrades, installation of EV charging points, and improved loading infrastructure.
Head of UK real estate in Carlyle’s Europe realty advisory team, Gordon Kellie, said: “This acquisition highlights our ability to identify and actively manage high-quality logistics assets in core UK locations.
“We see clear opportunities to enhance Enterprise House through targeted investment and hands-on asset management while continuing to build scale and momentum across our UK logistics portfolio, with the support of ESR Europe.”
