ACRE Capital have advised Federated Hermes on the sale of Perivale Industrial Park, an extensive core West London industrial park.
Perivale Park comprises a large multi-let industrial estate extending to approximately 575,000 sq ft, on a 33.90 acre site, and is strategically located on the ‘A40 Corridor’ in close proximity to the junction of the A40 and A406 (North Circular). The estate’s strategic road connectivity, and position adjacent to Perivale Underground Station, make it ideal to fulfill the needs of urban logistics industrial requirements servicing Central and Greater London.
The property was sold to SEGRO for approximately £202,500,000.
Location: Perivale, West London
Property Type: Urban Logistics Park
Transaction Type: Sale
Client: Federated Hermes