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Robert.Jervis_43227 Jan 18

New story for Orwell

BentallGreenOak has acquired the Orwell Logistics Park in Felixstowe 
BentallGreenOak and its development partner, Equation Properties, have announced the acquisition of Orwell Logistics Park close to the Port of Felixstowe. The 60-acre development site was acquired in December 2020 with an outline planning consent already in place.
Orwell Logistics Park will consist of 4 units across multiple phases, ranging from 88,000 – 500,000 sq ft. Phase 1 construction is targeted to commence in Q2 2021 to deliver 546,000 sq ft across 3 units, with estimated completion to occur in Q2 2022.
Orwell Logistics Park is strategically located to the east of Ipswich, 8 miles from the Port of Felixstowe, the UK’s dominant container port. The Park fronts the A14, the road connecting Felixstowe to Cambridge & the UK logistics ‘Golden Triangle’.
M1 Agency, Penn Commercial and JLL have been instructed as letting agents for the development.

BentallGreenOak is a leading, global real estate investment management advisor and a globally recognized provider of real estate services. BentallGreenOak serves the interests of more than 750 institutional clients with approximately $50 billion USD of assets under management (as of September 30, 2020) and expertise in the asset management of office, logistics, multi-residential and retail property across the globe.

BentallGreenOak has offices in 24 cities across twelve countries with deep, local knowledge, experience, and extensive networks in the regions where it invests and manage real estate assets on behalf of its clients.
In Europe, BentallGreenOak is a leading investment manager with over 50 professionals and $5.2 billion USD in AUM across debt and equity, with strategies spanning from Core to Value-Add and Development, with its own internalised operating capability.

The firm has acquired or developed over 133 logistics assets comprising 4.8 million square meters (52 million square feet) since 2015. BentallGreenOak’s investment vehicles have assembled a large and diversified land bank across Europe, currently owning or controlling 4.4 million square meters of land (capable of building 2.2 million square meters of space) zoned for Logistics, Data Centers and Cold Storage.
Established in 2014, Equation Properties is a versatile property development and investment company, focused primarily on development in the distribution and industrial sector. Since inception, Equation has delivered over 1m sq ft of industrial/logistics developments.

As of January 2021, Equation Properties has 3.3 million sq ft in its active and secured portfolio, with an accumulative value of over £500m