Friday, 3 July 2026
Vengrove has strengthened its UK industrial portfolio with the acquisition of two mid-box logistics assets in the West Midlands and North West England for £24.65 million, continuing the deployment of capital through its pan-European logistics investment strategy.
The properties, acquired from an institutional vendor on behalf of VRE Evergreen Logistics Partners (VREELP), provide a combined 197,083 sq ft of logistics space and expand the strategy’s presence across its three core investment markets of the UK, Germany and France.
The West Midlands asset is located at Rabone Park in Smethwick, between Birmingham city centre and Junction 1 of the M5 motorway. It comprises 67,847 sq ft across two self-contained warehouse units leased to two occupiers.
The second acquisition is located at Stone Cross Park in Warrington, close to Junction 23 of the M6 motorway with links to Manchester via the A580. The property provides 129,236 sq ft across three warehouse units occupied by three tenants.
According to Vengrove, around half of the portfolio’s rental income is linked to lease events over the next three years, creating opportunities to renegotiate leases, improve rental levels and undertake sustainability upgrades. The company intends to manage these initiatives through its in-house asset and property management teams as part of its strategy to enhance asset performance and improve environmental standards.
VRE Evergreen Logistics Partners focuses on investing in light industrial and logistics assets located in urban areas, established logistics corridors and transport hubs serving major cities across the UK, Germany and France.
Unlike many cross-border investment managers, Vengrove operates dedicated local teams in each of its target markets and directly manages acquisition, asset management and property management activities rather than outsourcing these functions. The company says this integrated approach is intended to improve operational oversight and create additional value throughout the investment lifecycle.
The latest acquisitions also reflect broader trends within the UK logistics market. New speculative development of mid-sized warehouse space has remained below long-term averages in recent years, while occupier demand has continued to focus on well-located regional distribution facilities. This imbalance between supply and demand has increased investor interest in existing assets that offer opportunities for refurbishment, lease repositioning and ESG improvements, particularly in established logistics markets such as the Midlands and North West.
