Argo Real Estate has announced the launch of a new £500 million urban logistics platform after securing funding from investor Blue Coast Capital.
The new site will be a brown-to-green urban logistics platform that Argo hopes will reposition urban logistics investment assets that are ready for refurbishment into sustainable properties across the UK.
The platform’s first acquisition is Tuscam Trading Estate in Camberley, Surrey, with the 183,000ft² industrial estate now undergoing refurbishment to provide modern, sustainable accommodation.
Argo also reported that a pipeline of further acquisitions has already been identified and additional deals are expected to complete in the near future.
Founder of Argo Real Estate Gavin Rabinowitz said: “We are delighted to once again partner with Blue Coast Capital in the urban logistics sector, as we look to build on the prior successes our relationship has delivered over many years of working together.
“This latest collaboration reflects our shared vision in creating value through the aggregation and strategic transformation of real estate assets in sectors with structural tailwinds. We look forward to growing this new platform together.”
