Mileway boosts London presence with the acquisition of 235,000 sq ft portfolio
Press release – 9 December 2020
Mileway, the pan-European last mile logistics real estate company, today announces it has acquired a portfolio of three properties in London from Cresta Land.
The portfolio totals 235,000 sq ft across three properties in Barking (93,000 sq ft), Enfield (51,000 sq ft) and Letchworth (91,000 sq ft). All three occupy prime positions with good transport links, and the assets in Barking and Enfield are ideally located to serve customers who require proximity to consumers in central London.
"We’re committed to providing our customers with an exceptional level of service and enabling them to support the consumers and communities that they serve." Philip Cridge, UK Country Director at Mileway
The properties are occupied by a diverse customer base across a range of sectors, including building materials, utilities, storage, manufacturing and confectionary.
This acquisition follows Mileway’s recent purchase of a 138,000 sq ft newly refurbished, last mile property in Purfleet, East London from DSV, and is further evidence of Mileway’s ability to grow its portfolio at pace, meet the needs of its customers and maintain its position as Europe’s premier last mile logistics real estate company.
Philip Cridge, Country Director UK at Mileway said: “Mileway’s portfolio in London and the UK as a whole has gone from strength to strength and we are pleased to continue to acquire high-quality assets in key locations. We see a strong pipeline of opportunities ahead to further build out our coverage across the UK in order to meet the evolving needs of existing and new customers. We’re committed to providing our customers with an exceptional level of service and enabling them to support the consumers and communities that they serve.”