Argo Real Estate launches €583m urban logistics platform

Argo Real Estate, backed by a £500 mln (€583 mln) investment from Blue Coast Capital, plans to acquire and sustainably redevelop urban logistics properties across the UK. 

Their first purchase, the Tuscam Trading Estate in Camberley, Surrey, is a 17,000 m2 industrial estate now undergoing refurbishment to provide modern, sustainable accommodation. The purchase price is around £40 mln (€47 mln).
Argo has already identified a pipeline of further acquisitions, and additional deals are expected to be completed shortly.
Founder of Argo Real Estate, Gavin Rabinowitz, said: “We are delighted to once again partner with Blue Coast Capital in the urban logistics sector, as we look to build on the prior successes our relationship has delivered over many years of working together. This latest collaboration reflects our shared vision in creating value through the aggregation and strategic transformation of real estate assets in sectors with structural tailwinds.”
This new venture is the second urban logistics partnership between Argo and Blue Coast Capital. Their previous collaboration, a fund managed by Argo, focused on last-mile logistics in London and the South East, with the portfolio ultimately sold to Blackstone in 2021.