JR Capital and Chancerygate Adds Liverpool Industrial Estate

JR Capital and Chancerygate’s £150 million multilet urban logistics investment fund has bought Brunswick Business Park’s North and South Harrington buildings in Liverpool for £9 million.

 

The 120,000-square-foot fully let industrial estate was bought from CEG.

 

One mile south of the city centre with frontage on the A5036 Sefton Street, the North and South Harrington buildings are close to the M62, M57 and M53 motorways.

 

North Harrington is arranged as one 54,000-square-foot unit and occupied by indoor go-karting company TeamSport.

 

South Harrington is a former dockside warehouse which has been reconfigured to six self-contained warehouse units at ground floor, with the first floor comprising office accommodation. Occupiers include Royal Mail and specialist clinical nutrition products producer, Vitaflo, part of the Nestle Group.

 

JR Capital’s head of investment, Michael Ferris, said in a statement: “The surplus land on the 10-acre site is suitable for development for a variety of uses providing us with an opportunity to roll our sleeves up and add value in the short term.”

 

JR Capital and Chancerygate’s £150 million fund has a five-year life and is targeting urban logistics, industrial and warehousing investments across the UK in lot sizes of £10 million to £20 million.

 

The partners’ first fund, which totalled £100 million, secured 18 assets located from Dundee to Exeter over a two-year period. The assets comprised 150 units totalling more than one million square feet.

 

London-based JR Capital is a multi-family office business with a focus on UK and European real estate. The business provides a platform for its Middle East-based private and institutional investor base principally from Saudi Arabia, Bahrain, Qatar, Dubai and Kuwait to co-invest into the UK and European real estate via funds and segregated mandates.

 

Established in 2005 by John Collier-Wright, JR Capital has concluded over £2 billion of transactions across all major sectors.

 

Founded in 1995, Chancerygate is a UK urban logistics property developer and asset manager operating nationwide.

 

The company manages in excess of £385 million of assets across more than five million square feet of commercial in 480 units.

 

B8 acted on behalf of Chancerygate and JR Capital, while Edwards & Co advised CEG.

 

https://www.costar.com/article/1147079534/jr-capital-and-chancerygate-adds-liverpool-industrial-estate