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Rui Nobre’s Griffen Capital discloses 800,000 sq ft logistics development pipeline

Rui Nobre’s Griffen Capital discloses 800,000 sq ft logistics development pipeline

Rui Nobre’s Griffen Capital has disclosed an 800,000 sq ft logistics development pipeline.


The South African investor – who only entered UK warehouse property two years ago – says he plans development to the value of about £125m.

Griffen has begun speculative development of an 132,000 sq ft warehouse with plans for another 210,000 sq ft of industrial development at the 59-acre Wellesbourne Distribution Park site near Banbury.

Two further smaller units are planned as part of further phases totalling 400,000 sq ft.

Occupiers at Wellesbourne include Aston Martin.
 
The business already boasts a portfolio of about 2.75m sq ft, acquired rapidly since 2014.

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