Crossbay Expands Portfolio with Dartford Warehouse Acquisition

Deal News | Mar 27, 2025 | Travers Smith

Travers Smith LLP has successfully advised Crossbay on its latest acquisition in the UK—a 65,000 square foot warehouse in Dartford, acquired from abrdn. This marks another strategic addition to Crossbay's UK portfolio, which now exceeds 1 million square feet in total. The purchase follows a series of acquisitions including properties in Watford, Potters Bar, Croydon, and Manchester, as part of Crossbay II fund’s robust investment strategy. The Travers Smith team, led by Real Estate partner Gareth Wynne and associate Dan Forshaw, with support from various specialists, including those in finance and commercial transactions, has been instrumental in both the acquisition and financing of Crossbay’s UK assets.

Sectors

Real Estate
Investment Management
Legal Services

Geography

United Kingdom – The acquisition of the warehouse in Dartford and the consistent expansion in other UK locations signifies the geographical relevance of the United Kingdom.

Industry

Real Estate – The article discusses the acquisition of a warehouse property, which is a significant transaction in the real estate sector.
Investment Management – Crossbay's expansion through acquisitions falls under investment management, focusing on strategic capital allocation in real estate assets.
Legal Services – Travers Smith provided legal advisory services, a key component in the transaction, highlighting the legal services sector.

Financials

– The financial terms of the warehouse acquisition were not disclosed in the article.

Participants

Name	Role	Type	Description
Crossbay	Buyer	Company	Crossbay is involved in the acquisition of the Dartford warehouse, expanding its logistics assets in the UK.
abrdn	Vendor	Company	abrdn is the entity selling the Dartford warehouse to Crossbay.
Travers Smith LLP	Legal Advisor	Company	Travers Smith LLP advised Crossbay on the legal aspects of the acquisition.