Westbrook Partners forward commit to purchase Holbrook Business Park in Coventry for £55m

July 25, 2022

Westbrook Partners has acquired Holbrook Park in Coventry, currently under construction, to add to its Northburn Logistics platform, taking its current acquisitions program to £227.5m.

Following its acquisition of six industrial assets across the UK earlier in 2022, the latest addition brings the total square footage in the Northburn platform to more than one million sq ft across 137 units.

Holbrook Park in Coventry is a multi-let scheme being developed by Chancerygate and Bridges Fund Management, comprises a total of 254,678 sq ft across 31 trade and industrial units ranging in size from 2,153 to 24,649 sq ft.

The scheme is being delivered in two phases, with the 100,000 sq ft Phase 1 due to reach practical completion in August this year. Phase 2 will start construction in the Autumn.

David Collard, managing principal of Westbrook Partners, added: ”We are delighted to have acquired another best-in-class asset for our Northburn Logistics platform, located within an excellent position in Coventry.  We are looking forward to working with the excellent team at Chancerygate on the delivery of another high-quality, highly sustainable, logistics development, together with Avison Young and KWB as we lease up the property.”

Tudor Real Estate acted for Westbrook Partners on the acquisition and JLL represented the vendor.

 

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