Global real estate investor swoops for 63,500 sq ft logistics unit

Property developer SevenCapital has sold a 63,484 sq ft industrial and logistics unit in Northampton to real estate investment company, Kennedy Wilson.

Seven60 is home to global manufacturer, HellermannTyton, which signed a 10-year competitive lease without break in December 2021.

Simon Dicken, senior director at SevenCapital, said: “Primely positioned in an established and well-regarded logistics and employment location, Seven60 offers market leading accommodation and unrivalled connectivity for servicing Northampton and the wider Midlands, East and South-East areas.

“With a well-established occupier already in place on a substantial lease term, Seven60 posed an attractive proposition for a prospective purchaser. Following strong interest in this unit, we’re delighted to have agreed this sale.”

Ben Blackwall, director at Atlas Real Estate, said: “The sale of this prime logistics asset righty generated strong competition from a number of UK Institutions and overseas investors. The sale concludes a very successful exit from this development for SevenCapital, which was the company’s first logistics development.”