BentallGreenOak Acquires Orwell Logistics Park in Felixstowe and partners with Equation Properties for new 1m sq.ft. logistics development
LONDON (January 13, 2021) – BentallGreenOak and its development partner, Equation Properties, are pleased to announce 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.
About BentallGreenOak
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 we invest and manage real estate assets on behalf of our 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.
BentallGreenOak is a part of SLC Management, which is the institutional alternatives and traditional asset management business of Sun Life.
The assets under management shown above include real estate equity and mortgage investments managed by the BentallGreenOak group of companies and their affiliates.
For more information, please visit www.bentallgreenoak.com
About Equation Properties
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.
For more information, please visit www.equationproperties.com
Media Contact
Rahim Ladha
Vice President, Corporate Communications
BentallGreenOak
media@bentallgreenoak.com
