VRE Industrial Partners Acquires First Asset in London
Vengrove has completed the acquisition 49-52 Standard Road, Park Royal for VRE Industrial Partners (VREIP), its UK value-add industrial and logistics strategy.
The asset comprises a 33,000 sq ft urban logistics unit in London’s prime industrial and logistics location. It is currently let to a cosmetics wholesaler, with a lease expiry in December 2022.
It is VREIP’s first acquisition in London, as it seeks to assemble a regionally-balanced UK portfolio.