Thor Equities Group has agreed to sell a portfolio of prime UK-based big box warehouses to BentallGreenOak.

The portfoliois comprised of seven stand-alone big box warehouses with a total floor space of 2.1m SF. The portfolio’s assets are located in DIRFT, Daventry; Grove Park, Leicester; The Duke, Burton-on-Trent; Magna Park, Lutterworth; Warth Park, Raunds; Rye Park, Hoddesdon and Hams Hall, Coleshill. Tenants in the portfolio include DHL, British Gas, Clipper Logistics, Sainsburys, Beko and DSV. The only vacant asset in the portfolio, MP411, has been newly refurbished and is located in Magna Park, Europe’s largest dedicated logistics park.

Joe Sitt, chairman of Thor Equities Group said, “We were fortunate to have exchanged on this transaction at the height of demand for well-located industrial and logistic assets in major European markets to support the rising e-commerce demand for the region. We believe the portfolio’s location as well as its unique tenant mix make this a highly desirable portfolio in the UK industrial market.”

ABOUT THOR EQUITIES GROUP:

Thor Equities is a leader in the development, leasing and management of office, industrial, laboratory, residential, hotel and mixed-use assets in premier urban locations worldwide. The company operates in major cities around the globe and has a property portfolio totaling $20 billion with a development pipeline in excess of 50 million square feet. Thor has a strong presence on three continents and in addition to its US holdings, the company has assets in European gateway cities including London, Paris, Madrid, and Milan, and is the largest developer in Mexico through its Latin American division with a development pipeline of over 18 million square feet. Thor maximizes returns for institutional investors by recognizing a property’s potential, reducing operating expenses, increasing tenant satisfaction, leveraging market trends to maintain a long-term competitive edge. For more information, visit www.thorequities.com.