Harleyford Capital is delighted to announce the successful acquisition of a significant multi-let industrial estate in the North West of England, in partnership with Intermediate Capital Group (ICG plc). Triumph Business Park was transacted via a corporate acquisition structure and represents a compelling off-market opportunity sourced exclusively by Harleyford Capital.
Located in the Liverpool metropolitan area, the asset spans approximately 1 million sq ft across more than 50 units, situated on a site exceeding 60 acres. The estate benefits from excellent connectivity to national transport infrastructure and serves a diversified tenant base including national logistics operators, manufacturers, and long-established SMEs.
The deal reflects Harleyford Capital’s strong origination capabilities and ICG’s ongoing strategic focus on UK logistics and industrial sectors.
The asset offers robust fundamentals, with a current average rent below £5 per sq ft, high reversionary potential, and an average unexpired lease term exceeding 5 years.
A phased asset management strategy will target:
- Lease-up of existing vacancy and completion of lettings across recently developed units
- Rental reversion through lease restructures and capturing prevailing market rates
- Redevelopment of underutilised land parcels totalling over 10 acres
- Further ESG improvements, including sustainable infrastructure and energy efficiency upgrades
Situated in proximity to major employment, transport and manufacturing clusters, the estate is ideally placed to meet rising occupier demand. The local market is characterised by a historically low vacancy rate and limited availability of modern, small to mid-box logistics space.
This acquisition is aligned with Harleyford Capital’s strategy of identifying under-the-radar opportunities with institutional-quality fundamentals and long-term value creation. The acquisition with ICG plc reflects a shared conviction in the strength and resilience of the UK’s regional logistics market.
ICG plc were advised by Harleyford Capital, Knight Frank, BDO and Ashurst.
