Great to see this kind of investment happening right here in Leicestershire. With immediate access to over 22 million customers, it's easy to see why we are a leading investment location for warehouse and industrial real estate.

Urban Logistics, the last mile logistics focused REIT, has acquired a Leicestershire logistics warehouse as part of a wider £90 million swoop.

The 249,211 sq ft logistics warehouse is two miles from the M1 at Beveridge Lane, Bardon. The purchase price paid was £35,385,000.

The unit is let to DHL Supply Chain Ltd on a lease expiring in 2027.

Richard Moffitt, Chief Executive, said: “During recent market volatility we have been deliberately patient in our deployment, and that patience has been rewarded by our ability to acquire these properties in prime locations on advantageous terms.

“Our occupational market, with its focus on supply chains for essential goods, remains strong with continued upward pressure on rents. We firmly believe that, at any stage in the property cycle, if we improve lease lengths we will see yield compression.

“We therefore see substantial potential valuation increases in these acquisitions, driven by our asset management plans.”

Check out our new video to see why more and more companies are locating here for warehouse and industrial estate

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    This is an exciting development for Leicestershire and a testament to its growing prominence as a hub for logistics and industrial real estate. The strategic location, with immediate access to millions of customers and proximity to major transport links like the M1, makes it a prime choice for businesses like DHL.

    Investments like this not only boost the local economy but also create opportunities for supply chain innovation and job growth. Urban Logistics' focus on long-term lease improvements and yield compression shows smart asset management and confidence in the region's potential.

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