Quotient Sciences has closed on the sale and leaseback deal of its life sciences facility at Alnwick in the north of England.
LOG IN, a European logistics and industrial fund created in 2022 and managed by Theoreim and Principal Asset Management, purchased the 172,000 sq ft facility in a bid to grow its existing portfolio of 10 industrial, logistics, and data centre assets across the UK, Spain, Italy and Germany. It is seeking sites valued at €5m-€25m (£4m-£20m).
The property has been let back to the vendor on a 20-year lease. Located by the A1 motorway, Quotient Sciences’ hub benefits from access to Edinburgh and Newcastle, which are home to health centres of key importance to the tenant.
