Oryx is pleased to announce that it has acquired a c.5-acre freehold site in Milton Keynes, UK, to develop a 110,000 sq ft best-in-class logistics facility. The asset is strategically located in a prime South East logistics hub, halfway between London and the Midlands with direct access to the M1, where demand amongst distribution and manufacturing tenants remains robust.
The investment aligns with Oryx’ logistics focused investment theses, which seeks to capitalize on steadily growing occupier demand for modern small- to-mid sized logistics properties meeting modern requirements. Current market dynamics also allows investors to benefit from the recent stabilisation in land values, which has halved from its peak in certain locations, enabling an attractive entry point for development.