7th December 2023
Cain International, a privately held investment firm, has completed the development phase of its first logistics portfolio, less than two years on from its acquisition, following practical completion of Sherburn42, a 659,310 sq. ft. site in North Yorkshire, UK.
Sherburn42 contains four standalone Grade A industrial units ranging from 57,750 sq. ft. to 280,000 sq. ft. and excellent connectivity to 1.1 million potential customers within a 30-mile radius, as well as the U.K. logistics network via major motorways and ports.
The completion marks a significant milestone for the portfolio which Cain acquired in March 2022 for £550 million from Firethorn Trust. The portfolio, consisting of seven sites totalling 3.19M sq. ft. across 24 units, has already attracted leading brands such as Next and Taylor Wimpey.
Logistics Portfolio
Tim Brazier, Senior Vice President at Cain International, said: “Reaching practical completion across the portfolio, despite the wider market challenges, represents a significant achievement. All of the assets have been designed to meet the evolving needs of occupiers, delivering quality space, with a focus on ESG and flexibility, which will support businesses looking to establish or expand their presence in the U.K.”
The site is being delivered by Firethorn Trust on behalf of Cain. Colliers, Lambert Smith Hampton and Carter Towler are acting as lettings agents.
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