Harleyford Capital has launched the Harleyford Logistics Partnership II (“HLP II”), securing its first three acquisitions totalling 150,000 sq ft across Manchester, Glasgow, and Sheffield. The off-market transactions represent £25 million of committed capital and mark the initial phase of a £100 million strategy focused on income-producing urban logistics assets with high reversionary potential.
HLP II is targeting £5 million to £20 million lot sizes and 20,000–70,000 sq ft units, with an emphasis on post-2005 construction in major UK metropolitan areas. The strategy aims to capture continued strength in occupational markets driven by structural e-commerce demand and the sustained imbalance between supply and new development. Harleyford intends to enhance energy performance across the portfolio targeting EPC A ratings through focused capital expenditure programmes.
HLP II follows the deployment of Harleyford Logistics Partnership I and Harleyford’s speculative development programme, which has committed £75 million across two schemes in Watford and Borehamwood in partnership with Fiera Real Estate. With the new acquisitions, Harleyford Capital has now committed approximately £300 million to UK urban logistics over the past 24 months, spanning more than 2 million sq ft.
Dean Harrison, Managing Director, Investments at Harleyford Capital, commented:
“Following the market correction, supply-and-demand dynamics continue to support rental growth outperformance for well-located, modern urban logistics assets, particularly where development viability remains constrained. Higher and sustained interest rates are also creating compelling buying opportunities in prime locations.”
Founded in 2022 by Dean Harrison, Thomas Mallindine and Zayn Khamisa, Harleyford Capital focuses on thematic, high-conviction real estate investment strategies across the UK.
