EQT Exeter buys Midlands shed

DTZ Investors has sold a single-let industrial warehouse in Amber Park, South Normanton, Derbyshire, to EQT Exeter for £16.8m. The unit is let to healthcare logistics company Alloga UK, with just 1.1 years remaining on its lease, providing an opportunity to capture significant reversion at expiry. Rents at the park, according to EG Radius data, are around £3 per sq ft. The unit, AP3, is one of seven properties occupied by Alloga within South Normanton, which acts as its central UK distribution hub. Tom Royston, director at DTZ Investors, said: “This sale crystallises an exceptionally strong outcome for our client, having held the asset for 15 years. The divestment of this asset removes the impact of what was a high level of income concentration risk in 2025 due to the upcoming lease expiry and therefore the sale is in accordance with fund strategy.” Will Gubb, head of industrial capital markets at Knight Frank, which advised on the sale, said it demonstrated the “continued strong investor demand” for reversionary logistics assets with lease events within the next 12-24 months. Her said: “We continue to see good liquidity in this area of the market, with investors remaining bullish on rental growth performance and reletting prospects.” BNP Paribas Real Estate advised EQT Exeter on deal. See which agents are doing the most industrial deals in the East Midlands >>