As 2021 drew to a close, SHW completed two further off-market industrial investment deals in the Croydon area.
On behalf of Mileway, SHW acquired the recently let Mercury House, a 26,000 sq ft industrial unit on Vulcan Way in New Addington, Croydon from Petchey Holdings. And marking the first investment to make it into Fortress Investment Group’s new UK property fund, SHW acquired the Croydon Mazda Facility at 8 Imperial Way from Newcore Capital Management.
Alex Gale, Partner and Head of Agency for South London, Surrey and Kent region, comments: “A great end to what was a very strong year in the industrial and logistics market across the UK and beyond. We expect to see a lot more of the same in 2022 as investors continue to make the most of the ever-increasing demand for industrial and logistics space.”
Gerald Eve Advised Petchey Holdings. Newcore Capital Management was unrepresented.