Sunrise Real Estate (“Sunrise”), the pan-European investor, developer, and asset manager of high-quality logistics properties, has expanded its logistics portfolio with the strategic acquisition of a Tesco-let distribution facility (“the asset”) at Daventry International Rail Freight Terminal (DIRFT) in the Midlands, the heart of the UK’s logistics network with direct rail links to major UK ports and urban centres.

The 750,000 sq. ft. cross-docked distribution warehouse features multiple levels of mezzanine, a 20m clear height and a multi-storey garage linking directly to the office space. It also benefits from 360-degree circulation and a low site coverage of 30%. Industry-leading ESG features include an onsite wind turbine that powers the asset with green energy.

The asset was purchased from Canada Life Asset Management and has significant reversionary potential, with prime rents in the region reaching £10 per sq. ft.

Kyle Streitburger, Head of Investments at Sunrise, said: “This acquisition of a best-in-class warehouse in a prime location aligns with our strategic focus on acquiring high-quality logistics assets in key markets. This property not only enhances our portfolio but also reinforces our commitment to meeting the evolving needs of tenants while delivering long-term value for our investors.”