Royal London and Graftongate secure logistics hub in Northampton

Royal London Asset Management Property and developer Graftongate have jointly purchased a 22-hectare logistics site called Brackmills 54 in Northampton. 

Brackmills 54

This will be Royal London's biggest logistics project, aiming to create over 116,128 m2 of logistics space valued at £340 mln (€389 mln). The site includes an existing 29,062 m2 warehouse available for short-term lease.
Located in a prime logistics hub, Brackmills Industrial Estate offers excellent transport links to the M1 and M6 motorways, the A14, and key regional centres. This acquisition strengthens the partnership between Royal London and Graftongate, who have previously acquired sites in other key locations, including Abbey Works, Fareham, Pickford Gate in Coventry, and Teddington, South West London.
Jamie Hockaday, director, Graftongate, said: “Brackmills 54 provides an opportunity to bring forward more than 116,128 m2 of prime logistics space in one of the UK’s most established distribution locations. The site’s scale, connectivity and access to a strong labour pool make it an exceptional proposition for national and international occupiers. We look forward to continuing our successful partnership with Royal London Asset Management Property to deliver a sustainable, best-in-class scheme.”
Robert Kiernan at Royal London Asset Management Property said: “The acquisition of this landmark site in Northampton represents a pivotal moment for our industrial and logistics strategy. Opportunities of this scale and prominence in the UK’s logistics ‘Golden Triangle’ are exceptionally rare. With its outstanding connectivity for transport and labour, the established occupier base nearby and flexibility to deliver a variety of unit sizes, this project will become a key development in our logistics portfolio. We are excited to deliver a best-in-class scheme with Graftongate that meets the evolving needs of occupiers and reinforces our commitment to long-term, sustainable value creation for our investors.”
Apex provided advice to Royal London Asset Management Property and Graftongate, while BNP represented the seller.