Crossbay, the pan-European urban logistics platform of private equity real estate manager MARK, has acquired a 65,000 square feet UK asset to its portfolio.
IPE Real Assets understands that Crossbay acquired the single-let warehouse in Dartford from investment firm Abrdn for approximately £13 million (€15.6 million).
With this acquisition, Crossbay’s UK portfolio has now exceeded 1million square feet. Crossbay’s European logistics portfolio, now exceeding 5 million square feet, includes assets in the UK, Benelux, Germany, France, Italy and Spain.
Source: realassets.ipe.com on the 11th of February