ICG Real Estate Completes £50m UK Logistics Deals with Strategic Focus

In a series of strategic transactions, ICG Real Estate, the real estate division of global alternative asset manager Intermediate Capital Group (ICG), has announced successful acquisitions amounting to approximately £50 million in the UK industrial and logistics sector. Utilizing its distinguished 'Metropolitan' platform, ICG Real Estate has secured four notable transactions encompassing a total of nine assets. The transactions include a significant acquisition involving five assets, collectively spanning close to 600,000 square feet. These assets are leased to National Timber Group, the UK's leading independent distributor and processor of timber, deeply integrated within its operational network across key urban locales like Reading and Sheffield. It highlights ICG's capability in leveraging its expansive corporate relationships to acquire mission-critical assets strategically placed near major ports and evolving urban trade zones. In parallel, three additional transactions were finalized across four prime assets in Birmingham, Manchester, and Merseyside, with a cumulative expanse of approximately 240,000 square feet, marked by resilient tenancy structures and substantial lease terms averaging about 11 years. Axel Logistics, an expert pan-European urban logistics arm of ICGRE, will oversee management operations. ICG, listed on the London Stock Exchange and part of the FTSE 100, illustrates its adept integration of corporate alignments and strategic acquisition to enhance asset portfolios while leveraging environmental sustainability through its long-term commitment to net-zero operations by 2040.