Oxenwood Real Estate, the UK and European real estate investment management firm, and its joint venture partner, Alberta Investment Management Corporation, have bought the 4.7-acre site at 16 Eastman Road, Acton.
The deal with RSN Property Limited means the dairy will be relocated, and a new single-occupier 100,000 sq ft logistics facility will be built.
The location offers easy access to the M4 and M40 motorways and is surrounded by densely populated, affluent London boroughs, thereby offering future potential logistics occupiers the perfect opportunity to ‘shorten the last mile’.
Jeremy Bishop, co-founder of Oxenwood, said: “During the leaseback period, we will look to identify an occupier with whom we can work to deliver a high-quality last mile logistics facility”.
Oxenwood was advised in the transaction by Cogent Real Estate.