Royal London Asset Management Property (Royal London) has acquired Enderby Logistics Hub, a 82-acre development, with plans to develop 1.2 million ft² of prime logistics space with an estimated GDV of £300m.
Enderby Logistics Hub has outline planning consent for 1.205m ft² of industrial and logistics space, covering both manufacturing and distribution facilities.
The development will reportedly feature a flagship 500,000ft² unit, addressing the strong occupational demand and current shortage of larger distribution centres in the region.
Senior industrial asset manager at Royal London Asset Management Property Matthew Barnes said: “Enderby Logistics Hub represents a unique opportunity to design and develop a best-in-class, multi-unit logistics asset, in a market showing strong fundamentals, where the availability of Grade A supply is declining.
“This acquisition represents a continuation of our strategy to acquire prime industrial development sites, building on the successes of 2024.
“The East Midlands continues to be the most sought-after location for logistics occupiers.
“With the largest unit planned at 500,000ft², we are focusing on an underserved segment of the market where larger units are in high demand but short in supply.”
