MARCHMONT INVESTMENT MANAGEMENT ACQUIRE WEST THURROCK ESTATE

Marchmont Investment Management has completed the acquisition of Phase III, EuroCourt, a 63,000 sqft last mile logistics hub in West Thurrock for £9m from an undisclosed vendor. 

The Building encompasses a further 63,000 sqft of last mile logistics units with secure yards. It adds to Marchmont’s existing phase I and Phase II ownerships which now total approximately 115,000 sqft.

Marchmont director Cameron Fraser said: “This off market acquisition is firmly aligned with our belief that demand for last mile logistics units will continue to grow especially as the current crisis accelerates existing trends and enhances the demand for logistics space.”

Daniel Wink, Divisional Partner of Glenny added: “This significant acquisition adds to Marchmont’s existing holdings on this popular estate with a further three mid-sized warehouse units in a strategic location which has seen significant rental growth”.

Glenny advised Marchmont on the off market acquisition.