Hillwood have sold a Bristol warehouse, let to Evri, to Swiss Life Asset Managers.
The 113,573 sq ft unit is located in Avonmouth, Bristol, and was developed by Hillwood in 2022 in conjunction with an adjacent unit of 107,738 sq ft, pre-let to Oxford Instruments and pre-sold to AXA.
Evri signed a 10 year lease on the regional distribution centre in 2022.
The deal represents Swiss Life Asset Managers’ first UK acquisition on behalf of its pan-European industrial and logistics fund.
Bob Tattrie, UK managing director for Hillwood, said: “We are delighted to have concluded this sale to Swiss Life Asset Managers, we develop best-in-class, with high ESG credentials, industrial and logistics units which are very attractive to occupiers/tenants but also investors.
“This scheme meets all those criteria.”
The unit was sold for an undisclosed sum.
Hillwood UK were advised by CBRE and Swiss Life Asset Managers by Russell Property Consultants.
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