Fiera and Harleyford acquired land for €29m logistics development

Fiera Real Estate and Harleyford Capital have jointly purchased a 0.9-hectare site in Borehamwood, North-West London, for a £25 mln (€29 mln) logistics development. 

Harleyford logistics

The partnership plans to construct a 5,017 m2 Grade A warehouse on the site, which benefits from high visibility and excellent connectivity due to its proximity to the A1, M25, and M1. 
This prime location offers access to a vast population and is ideal for distribution and last-mile logistics. 
The planned facility will be built to high sustainability standards, targeting EPC A+, Net Zero Carbon construction, and a BREEAM ‘Excellent’ rating. 
Chris Button, head of Investment Management at Fiera Real Estate commented: “This project exemplifies our commitment to delivering future-proof, sustainable industrial assets that cater to the evolving needs of leading occupiers.”
Thomas Mallindine, managing director: Asset Management at Harleyford Capital, added: “We are excited to grow Harleyford’s development pipeline in this highly strategic North-West London location and continue being at the forefront of the UK urban logistics market”
This acquisition continues Harleyford's strong performance in the UK Urban Logistics market, with over £200 mln (€235 mln) committed in the past year. 
The project is funded by the Fiera Real Estate Logistics Development Fund (FRELD), which has reached a total fund size of £420 mln (€493 mln).