ARGO Real Estate (“ARGO”), the UK-based real estate operating partner and investment manager, has acquired two urban multi-let industrial estates in Chelmsford and Oxford as part of its brown-to-green urban logistics strategy with Blue Coast Capital. The assets were acquired from a UK institution.
Northumberland Court in Chelmsford comprises nine units ranging from 4,500 to 26,000 sq ft, with the asset totalling c.92,000 sq ft. Cowley Business Centre in Oxford comprises three units ranging from 7,000 to 21,000 sq ft with the asset totalling c.37,000 sq ft. The estates are both fully let, totalling c.129,000 sq ft, with a combined price in the region of £28 million.
Both estates offer an attractive opportunity to invest in core South East markets where supply is very constrained due to competing land requirements from housing and alternative uses. The assets provide significant scope to be repositioned through ARGO’s brown-to-green strategy, creating high-quality sustainable accommodation in urban areas, supporting income and capital growth.
These acquisitions are the latest deals as part of ARGO’s joint venture with Blue Coast Capital, which made its debut in March 2025 with the purchase of the Tuscam Trading Estate in Camberley, for around £40m. Subsequently in June 2025, ARGO acquired the Harp Trading Estate in Trafford Park, Manchester and most recently secured Beckton Trade Park in East London, in December last year.
Comments are closed.