Indurent acquires T45 in Leeds
The I&L operator has bought the 223,000 sq ft asset from developer Chancerygate and investor Bridges Fund Management.
Bought alongside Torque in Birmingham and Holbrook Park in Coventry, Indurent has added 750,000 sq ft of grade A space to its urban logistics portfolio.
DTRE advised on the transaction.
Located on the A63 East Leeds link road within the Cross Green industrial area, T45 will comprise 23 units ranging from 4,450 sq ft to 32,900 sq ft.
The scheme is due to reach practical completion in Q1 2026 and is targeting a BREEAM Excellent rating, alongside EPC A and A+ ratings respectively.
Bridges and Chancerygate are currently delivering four sustainable urban logistics developments throughout the UK and Ireland in Adlington, Cheshire, and Dublin, alongside T45 and Torque.
James Cooper, head of investment transactions at Indurent, commented: “This acquisition reflects our continued focus on securing high-quality, well-connected assets that support our customers’ growth.
“The sector’s long-term fundamentals remain strong, and we’re committed to expanding our portfolio through strategic acquisitions and development, supporting regional investment, job creation, and long-term economic growth.”
Henry Pepper, partner, property at Bridges, said “This portfolio sale reflects the growing demand for high-quality sustainable logistics space from occupiers looking to reduce costs and improve their environmental performance – which makes these extremely attractive assets for investors seeking future-proofed, long-term returns.
“We are delighted to complete this latest sale from the portfolio of assets we have developed with Chancerygate, which continues the strong run of exits that Bridges has been able to achieve this year.”
