Bridges and Chancerygate sell UK logistics portfolio to Indurent

Bridges Fund Management and Chancerygate have sold a 69,677 m² urban logistics portfolio, consisting of 76 Grade A units, to Indurent.

Holbrook Park, Coventry

The portfolio includes developments in Erdington (Birmingham) and Leeds, as well as Holbrook Park in Coventry. This acquisition aligns with Indurent's strategy to expand its presence in key UK urban logistics areas by acquiring high-quality, sustainable assets that are in high demand.
Holbrook Park in Coventry is a 23,690 m² development with 31 units, currently 67% occupied by major tenants like Magdalene, Evri, Clifton Bathrooms, and Kelvatek. It boasts strong ESG features and modern, sustainable design.
T45 in Leeds, located on the A63 East Leeds link road, will offer 23 units across 20,717 m² upon completion in Q1 2026. Torque in Erdington, Birmingham, is a 25,177 m² development with 22 units, scheduled for completion in Q4 2026. Both T45 and Torque are aiming for high sustainability ratings, including BREEAM Excellent and EPC A/A+ ratings.
James Cooper, head of Investment Transactions at Indurent, commented: “This acquisition reflects our continued focus on securing high-quality, well-connected assets that support our customers’ growth. The sector’s long-term fundamentals remain strong, and we’re committed to expanding our portfolio through strategic acquisitions and development, supporting regional investment, job creation, and long-term economic growth.”
Chancerygate senior development and transaction director, Matthew Connor, said: “This deal is an endorsement of our expertise in developing Grade A urban logistics accommodation in strategic areas with high occupier demand. “Our products sustainability credentials, flexible sizing, and proximity to key infrastructure and transport hubs continue to prove attractive to both investors and occupiers, evidenced by both this transaction and the occupational success at Holbrook.”
Henry Pepper, partner, Property at Bridges, added: “This portfolio sale reflects the growing demand for high-quality sustainable logistics space from occupiers looking to reduce costs and improve their environmental performance, which makes these extremely attractive assets for investors seeking future-proofed, long-term returns. We are delighted to complete this latest sale from the portfolio of assets we have developed with Chancerygate, which continues the strong run of exits that Bridges has been able to achieve this year.”
Bridges and Chancerygate, who have collaborated on projects for over ten years, are currently developing four sustainable urban logistics sites in the UK and Ireland, including those in Adlington, Cheshire, Dublin, T45, and Torque. 
DTRE provided advisory services for the transaction.