Tungsten Properties secures €30m from Leftfield for UK logistics hub

Leftfield will invest up to £26 mln (€30 mln) to forward fund Tungsten Properties' development of Leftfield Park Basingstoke.

Leftfield Park Basingstoke

Located on Crockford Lane, near M3 junction 6, the six-acre logistics project includes two net-zero carbon-ready warehouses totaling approximately 124,000 sq ft. 
Construction by MCS Build is slated to begin in April 2025, aiming for completion by January 2026. 
The eco-friendly buildings will feature solar panels, heat pumps, and ample EV charging, targeting BREEAM Excellent certification and an EPC ‘A’ rating.
This marks the second collaboration between Tungsten Properties and Leftfield, following a previous 22,854 m3 warehouse deal in Warrington let to Farmfoods.
David Mole, development director, Tungsten Properties, said: “We are pleased to announce the commencement of development for these two high-quality mid-box warehouses for industrial and logistics occupiers. There is a strong demand in the area from businesses seeking well-located and modern best-in-class space. As this marks our second collaboration with Leftfield, we are excited to deliver a top-tier scheme for them.”
Nico Fourie for Leftfield added: “We continue to flesh out our Leftfield Fund III with quality warehouse assets. The geographic dispersion of properties in the Fund is strategic and Basingstoke is a sought-after location for value accretion. Following our previous high-quality acquisition from Tungsten, they are a natural partner for further collaborations.”
Tungsten Properties was represented by BNP Paribas, while Savills advised Leftfield.