Oxenwood Real Estate and its joint venture partner Alberta Investment Management Corporation (AIMCo) have acquired a 4.7-acre site at 16 Eastman Road in Acton, currently home to Freshways.
The joint venture, which was set up at the beginning of 2017, targets value-add logistics opportunities in the UK.
The site has been acquired from the owner occupier, RSN Property, part of the same group as Freshways. It is currently home to a 100,000 sq ft milk processing and bottling facility, which has been leased back to RSN, the UK’s largest independent processing dairy, to allow the relocation of RSN’s business.
Oxenwood says it will work up plans for a new 100,000 sq ft facility, which it will aim to pre-let to a single occupier working in the last-mile distribution sector.