CBRE Investment Management Acquires Bedford Logistics Distribution Centre for West Midlands Pension Fund

CBRE Investment Management (“CBRE IM”), on behalf of West Midlands Pension Fund (“WMPF”), has acquired a prime logistics distribution facility in Bedford, UK.

The freehold asset comprises approximately 462,700 sq ft of logistics and office accommodation on a 22.5-acre site within Marsh Leys Business Park, one of Bedford’s established logistics locations. The property benefits from direct access to the A421, linking to the M1 and A1 motorways, providing connectivity to London, the Midlands and major UK population centres. The asset is fully let to Sainsbury’s Supermarkets Ltd and serves as a critical component of the retailer’s national clothing distribution network.

Originally developed to an institutional specification, the facility features 15-metre clear eaves, extensive loading provision, significant power capacity and a large secured yard. The tenant has also invested substantially in automation technology at the property, reinforcing its operational importance within the wider logistics network.

The acquisition aligns with WMPF’s strategy of investing in high quality assets backed by strong occupiers and long-term structural demand drivers. Bedford continues to benefit from its strategic location within the South East logistics corridor, while planned transport and infrastructure improvements across the region are expected to further enhance connectivity and occupier appeal.

Shiventa Sivanesan, Director, Investment Management & Stewardship at West Midlands Pension Fund commented: “We’re delighted to complete this acquisition as part of our diversified UK direct property portfolio. The investment aligns with our core philosophy of investing in high quality assets, backed by strong tenants that provide a reliable income stream to help meet our pension benefits.”

Natalie Tanner, Fund Manager at CBRE Investment Management, added: “The property occupies a strategic position within an established logistics cluster and plays a critical role in Sainsbury’s supply chain operations. Combined with the asset’s modern specification, strong connectivity and opportunities to further enhance its sustainability credentials over time, we believe it represents a compelling addition to the portfolio.

The investment also reflects our continued conviction in the UK logistics sector, where supply remains constrained for well located, institutional quality assets despite broader market volatility.”

About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with $154.8 billion in assets under management* as of June 30, 2026, operating in 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.

CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm and a premier provider of critical infrastructure services. The company has more than 155,000 employees serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.

*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management 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 Investment Management’s presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.