ARGO Real Estate (“ARGO”), the UK-based real estate operating partner and investment manager, has acquired The Merlin Centre at Cressex Business Park in High Wycombe, as part of its brown-to-green urban logistics strategy with Blue Coast Capital, for around £50m from a fund managed by Aberdeen Investments.
The multi-let industrial estate comprises 12 units ranging from approximately 8,300 sq ft to 40,200 sq ft in size, with the asset’s GIA totalling 213,004 sq ft. The estate offers a mix of light industrial, mid-box and trade counter accommodation and is fully let to 11 occupiers.
The acquisition represents another exciting opportunity for ARGO and Blue Coast Capital to secure a highly reversionary, urban industrial asset in the South East. The Merlin Centre offers significant asset management potential in line with ARGO’s brown to green strategy.
High Wycombe is an established industrial and logistics hub in the South East befitting from excellent connectivity and excellent links to London. The Merlin Centre is located on Cressex Business Park, which is High Wycombe’s dominant industrial estate, located half a mile from the M40 motorway with access to the M25 to the South and Oxford and Birmingham to the North.
The acquisition is the latest 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, Surrey, for around £40m.
Subsequently ARGO also acquired the Harp Trading Estate in Trafford Park, Manchester, Beckton Trade Park in East London as well as two estates in Oxford and Chelmsford in January 2026. The platform created by ARGO and Blue Coast Capital is aggregating a portfolio of high quality urban logistics assets and repositioning them into best-in-class sustainable properties.
James Brown, Investment Manager at ARGO Real Estate, said: “The Merlin Centre is a high-quality urban industrial estate with strong fundamentals, excellent connectivity, and a well-established occupier base. It offers a clear opportunity to drive income growth and long-term value through active asset management and targeted capital investment.”
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