Forsters advises Marchmont and Invesco Real Estate on £101m acquisition of UK multi-let industrial portfolio
Forsters has advised on the acquisition of a major UK multi‑let industrial portfolio by Marchmont Investment Management and Invesco Real Estate, acting for their Space Industrial platform.
The transaction involved the acquisition of 11 multi‑let industrial estates comprising 252 units, with a combined rent roll of £6.9 million, for a total consideration of £101.29 million. The assets are located across the South East, West Midlands and North of England.
We provided advice on all real estate, planning and construction aspects of the acquisition. The team also delivered corporate advice in relation to the transaction structure.
The portfolio was financed simultaneously with the acquisition through a £67 million facility provided by Santander, with the financing led by the firm’s banking and finance team.
The assets were acquired from Indurent, a Blackstone portfolio company. The acquisition represents a further expansion of the Space Industrial platform, focused on high‑quality, well‑located multi‑let industrial estates.
Led by Andrew Crabbie, the team comprised of Alexandra Townsend Wheeler, Rowena Marshall (Banking & Finance), Roisin Forde, Mark Berry, Dan Easom, Matt Evans, Alice Gordon-Finlayson,Sophie Smith, Lex Ringrose, Candice Johnson, Alex Greenwood, Alex Burnaby, Charlie Paddock, Lauren Willis, Ella Wotton, Craig Thompson and Lucy MacArthur.
Andrew Crabbie, Partner commented: “This was a complex, fast‑moving transaction involving a sizeable, geographically diverse industrial portfolio and simultaneous financing. We were pleased to support Marchmont and Invesco Real Estate on the exciting development of the Space Industrial platform and another significant acquisition in the UK multi let industrial market.”
