Chancerygate snaps up 17 multi-let industrial assets

Urban logistics and industrial properties specialist Chancerygate has acquired a portfolio of 17 multi-let industrial assets in the UK from Legal & General Investment Management.

Deacon Trading Estate in Tonbridge

The Gigha Portfolio includes approximately 58,157 m2 across 78 units in key locations such as Hounslow, Park Royal, Welwyn Garden City, Northampton, Tonbridge, and Totton. 
With around 90% of the units currently occupied, the portfolio provides a robust income stream and offers opportunities for leasing, refurbishment, and ESG-focused improvements.
Simon Cowley, head of investment at Chancerygate, said: “Multi-let industrial continues to be recognised as an asset class providing the potential for a diversified income stream with significant opportunities to add value, through capture of inherent reversion, lease up of vacant space and refurbishment to improve ESG credentials. Acquiring the Gigha Portfolio represents a further step forward for the investment side of our business and significantly increases our assets under management. We continue to actively look for other investment opportunities as we prioritise capitalising on MLI’s growing prominence within UK commercial real estate.”
Knight Frank and Maples Teesdale advised Chancerygate on the transaction, while JLL represented Legal & General Investment Management.