London
CBRE Global Investors Acquires Nimbus Park Logistics in Doncaster
22 Jul 2021
Corporate Communications Director
Helen Stott
Corporate Communications Director
CBRE Global Investors, on behalf of a separate account client, has acquired Nimbus Park, a 270,875 sq ft logistics asset near Doncaster, South Yorkshire, from Sladen Estates and AIG.
CBRE Global Investors, on behalf of a separate account client, has acquired Nimbus Park, a 270,875 sq ft logistics asset near Doncaster, South Yorkshire, from Sladen Estates and AIG.
Nimbus Park comprises two brand-new distribution units totalling 270,875 sq ft, built to a modern specification on a 15.8-acre site. Unit 106, comprising 106,509 sq ft, is let to Tile Giant, while Unit 164, comprising 164,366 sq ft, is let to The Mosaic Tile Company.
The buildings have a BREEAM rating of ‘Very Good’ and offer both cycle storage and electric car charging spaces.
Situated to the north of Doncaster in South Yorkshire, adjacent to Junction 6 of the M18 and four miles from the M62, Nimbus Park boasts excellent road access to all areas of the United Kingdom.
This was a rare opportunity to acquire a brand-new logistics asset, built to a modern specification and with excellent ESG credentials, in an area that offers an increasingly compelling investment rationale. As more occupiers look to capitalize on the changing market dynamics that have been accelerated by the pandemic, it is expected that rental demand will continue and consistent returns will be delivered.
CBRE Global Investors was advised by CBRE, while Sladen Estates and AIG were advised by Commercial Property Partners.
About CBRE Global Investors
CBRE Global Investors is a global real assets investment management firm with $129.1 billion in assets under management* as of June 30, 2021. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.
CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE). It harnesses the research, investment sourcing and other resources of the world’s largest commercial real estate services and investment firm (based on 2020 revenue) for the benefit of its investors. CBRE Group, Inc. has more than 100,000 employees serving clients in more than 100 countries. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com
*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers.
CBRE Global Investors, on behalf of a separate account client, has acquired Nimbus Park, a 270,875 sq ft logistics asset near Doncaster, South Yorkshire, from Sladen Estates and AIG.
Nimbus Park comprises two brand-new distribution units totalling 270,875 sq ft, built to a modern specification on a 15.8-acre site. Unit 106, comprising 106,509 sq ft, is let to Tile Giant, while Unit 164, comprising 164,366 sq ft, is let to The Mosaic Tile Company.
The buildings have a BREEAM rating of ‘Very Good’ and offer both cycle storage and electric car charging spaces.
Situated to the north of Doncaster in South Yorkshire, adjacent to Junction 6 of the M18 and four miles from the M62, Nimbus Park boasts excellent road access to all areas of the United Kingdom.
This was a rare opportunity to acquire a brand-new logistics asset, built to a modern specification and with excellent ESG credentials, in an area that offers an increasingly compelling investment rationale. As more occupiers look to capitalize on the changing market dynamics that have been accelerated by the pandemic, it is expected that rental demand will continue and consistent returns will be delivered.
CBRE Global Investors was advised by CBRE, while Sladen Estates and AIG were advised by Commercial Property Partners.
About CBRE Global Investors
CBRE Global Investors is a global real assets investment management firm with $129.1 billion in assets under management* as of June 30, 2021. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.
CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE). It harnesses the research, investment sourcing and other resources of the world’s largest commercial real estate services and investment firm (based on 2020 revenue) for the benefit of its investors. CBRE Group, Inc. has more than 100,000 employees serving clients in more than 100 countries. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com
*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers.