ESR will manage the asset on behalf of funds managed by Carlyle Europe Realty, Carlyle's pan-European real estate investment strategy. This acquisition reinforces the commitment of both firms to expanding their logistics portfolios in key European markets.
AAH Pharmaceuticals currently leases the asset, providing stable cash flow from a reputable tenant. Carlyle and ESR plan to enhance the asset's value in the coming phase. Renovation plans include: upgrading the energy performance certificate (EPC), installing electric vehicle (EV) charging stations, and improving cargo handling infrastructure.
Enterprise House is strategically located approximately 10 minutes from the M6 motorway. Its position is equidistant from major cities including Manchester, Birmingham, Sheffield, and Liverpool, providing convenient access to key logistics markets in the United Kingdom.
Built in 2006 to institutional standards, the facility features a 12.5 meter clear height, a spacious yard, and a substantial power capacity of 12.6 MVA. These specifications make it suitable for modern warehousing and distribution operations.
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The Enterprise House logistics warehouse, over 20,500 square meters in Stoke-on-Trent, was recently acquired by ESR and Carlyle for further upgrades and operation. Photo: ESR |
Gordon Kellie, Head of UK Real Estate at Carlyle Europe Realty's advisory team, stated that this transaction demonstrates Carlyle's capability in sourcing and actively managing high-quality logistics assets in strategic locations. "We see significant opportunities to enhance Enterprise House's value through targeted investment and active asset management, while continuing to expand our UK logistics portfolio with the support of ESR Europe," he added.
ESR is a leading investment, development, and asset manager for logistics real estate across Asia Pacific and Europe, focused on modern warehousing and industrial properties.
Carlyle is a global investment firm operating across private equity, real estate, credit, and investment solutions. It manages hundreds of billions of USD in assets.
By Gia Han (Source: Logistics Manager)
