Mountpark’s owner has sold the new Waitrose Bristol distribution centre to property investment specialist Leftfield.
The supermarket signed a 15-year lease at the 360,000 sq ft facility just six months ago.
Leftfield’s logistics-focused Fund III acquired the Severnside warehouse from Affiniuis Capital, Mountpark’s parent company.
Although sold for an undisclosed price, it is understood to be in the region of £54 million, according to Green Street News.
Waitrose announced earlier this month it plans to hire about 550 people to work at the warehouse, which will be operated by DHL. It is due to open in early 2027.
Bart Holt-Smith, director, capital markets and development at Mountpark, said: “Following the successful leasing to Waitrose last year, we are pleased to have concluded the sale of the unit to Leftfield in what was a smooth transaction in a short timescale.
“Despite the challenging investment market conditions seen in 2025, the leasing and subsequent sale highlights the resilience of the logistics market and reaffirms Mountpark’s strategy of developing ‘best-in-class’ logistics warehousing that aims to capture premium investment pricing.”
Nico Fourie, Leftfield chief executive, added: “We are delighted to acquire a warehouse of this quality developed by Mountpark.
“It reinforces Leftfield’s commitment to quality buildings with strong occupiers in resilient locations.
“The building is another excellent addition to Leftfield’s Fund III, a pure theme industrial and logistics warehouse portfolio.”
Affinius Capital and Mountpark were advised by Cushman and Wakefield. Leftfield was advised by Howard Kennedy, Shoosmiths, Colliers and CBRE.
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