JR Capital and Chancerygate Buy North West Trading Park from Flexspace

JR Capital and Chancerygate Buy North West Trading Park from Flexspace

Posted by JR-Capital in News

Chancerygate and JR Capital have bought Capitol Trading Park at Knowsley Industrial Park for £9.45 million.


The park comprises 22 units totalling 140,000 square feet, and has been
bought for the £150 million multi let urban logistics investment fund the pair
manage. The park has been bought from business space provider Flexspace.


Capitol Trading Park is seven miles from Liverpool City Centre and is close to
the M6, M7, M58 and M62 and the Liverpool Deep Sea Terminal.


The units range in size from 1,600 square feet to 24,500 square feet.
Occupiers include window supplier Ascot Architectural Glazing, building
solutions provider Highbury Homes and food wholesale Nuts in Bulk.


JR Capital’s head of investment Michael Ferris said in a statement: “we are pleased to have completed this latest acquisition in Liverpool, having intentionally targeted opportunities in the North West of England. It is a region we are bullish on for multi let industrial due to the favourable supply and demand dynamics.


“Alongside the acquisition of Capitol Trading Park, we have also completed on a new £20 million facility credit approved with the intention of increasing to £50 million from Natwest Bank. This will support our deployment strategy over the coming months.”


JR Capital and Chancerygate’s £150 million fund has a five-year life and is targeting industrial, warehousing and urban logistics investments across the UK in lot sizes £5 million to £15 million.


The partners’ first fund, which totaled £100 million, secured 18 assets from Dundee to Exter 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 both 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 focused urban logistics property developer and asset manager. It manages more than £385 million of assets across five million square feet of commercial space.


Ereira Mendoza & Co. acted on behalf of Chancerygate and JR Capital, while Allsop and LM6 advised Flexspace.



20 Mar 2024