Bridges Fund Management and developer Chancerygate have sold a 750,000 sq ft, 76 unit Grade A urban logistics portfolio to Indurent, a leading developer, owner, and operator of industrial and logistics space across the UK.

The portfolio comprises the forward acquisitions of Torque in Erdington, Birmingham and T45 in Leeds, along with the acquisition of Holbrook Park in Coventry.

The transaction forms part of Indurent’s strategy to expand its footprint in key urban logistics locations across the UK, targeting high-quality, sustainable assets with strong occupier demand.

Holbrook Park is a 255,000 sq ft development comprising 31 units ranging from 2,150 sq ft to 24,700 sq ft. The scheme, which has a 67 per cent occupancy level with major occupiers including Magdalene, Evri, Clifton Bathrooms and Kelvatek, benefits from strong ESG credentials and provides modern sustainable features.

Located on the A63 East Leeds link road within the Cross Green industrial area, T45, once complete, will comprise 23 units across 223,000 sq ft of accommodation, with units ranging from 4,450 sq ft to 32,900 sq ft. The scheme is due to reach practical completion in Q1 2026.

Torque is a 271,000 sq ft development which will comprise 22 units ranging from 4,500 sq ft to 33,000 sq ft. Located in Erdington, on the outskirts of Birmingham city centre, works at the development commenced in August 2025 and is expected to complete in Q4 2026.

T45 and Torque are targeting a BREEAM Excellent rating alongside EPC A and A+ ratings respectively.

James Cooper, Head of Investment Transactions at Indurent, commented: “This acquisition reflects our continued focus on securing high-quality, well-connected assets that support our customers’ growth. The sector’s long-term fundamentals remain strong, and we’re committed to expanding our portfolio through strategic acquisitions and development, supporting regional investment, job creation, and long-term economic growth.”

Commenting on the sale, Chancerygate senior development and transaction director, Matthew Connor, said: “This deal is an endorsement of our expertise in developing Grade A urban logistics accommodation in strategic areas with high occupier demand.

“Our products sustainability credentials, flexible sizing and proximity to key infrastructure and transport hubs continue to prove attractive to both investors and occupiers, evidenced by both this transaction and the occupational success at Holbrook.”

Henry Pepper, Partner, Property at Bridges, said “This portfolio sale reflects the growing demand for high-quality sustainable logistics space from occupiers looking to reduce costs and improve their environmental performance – which makes these extremely attractive assets for investors seeking future-proofed, long-term returns. We are delighted to complete this latest sale from the portfolio of assets we have developed with Chancerygate, which continues the strong run of exits that Bridges has been able to achieve this year.”

Bridges and Chancerygate have been working in partnership on projects for more than a decade. They are currently delivering four sustainable urban logistics developments throughout the UK and Ireland in Adlington, Cheshire, and Dublin, alongside T45 and Torque.

DTRE advised on the transaction.