TELFORD, England – September 27, 2024 – Soor Capital completed the acquisition of a purpose-built DHL Express distribution facility located in Hortonwood, one of Telford's premier industrial parks. The 55,463 square foot Grade A industrial warehouse serves as a regional parcel distribution facility for DHL International (UK) Limited.
Strategic Asset Acquisition
The acquired property represents a single-tenant industrial warehouse that is 100% leased to DHL International (UK) Limited on a full repairing and insuring basis. The Property features modern Grade A specification accommodation with an Energy Performance Certificate rating of "A" and a remaining lease term of 14 years with no tenant break options.
The facility is strategically positioned in Hortonwood, a well-established industrial estate in the northern part of Telford, located just 5 miles from Junction 5 of the M54 via the A442 Queensway Expressway and approximately 4 miles from Telford Town Centre. The location benefits from proximity to the Telford International Rail Freight Terminal, providing comprehensive freight solutions.
Exceptional Tenant Profile
DHL International (UK) Limited is a wholly owned subsidiary of Deutsche Post AG (DHL Group), the world's leading express and logistics service provider. DHL Group generated total revenue of €94.4 billion in 2022 and maintains operations in more than 220 countries and territories. The company offers comprehensive logistics solutions including parcel, document, and mail shipping, as well as freight forwarding and supply chain services.
"This acquisition represents our continued focus on mission-critical industrial assets with world-class tenants," said a spokesperson for Soor Capital. "DHL's commitment to this bespoke facility as part of their regional distribution network, combined with the property's strategic location and modern specifications, creates an excellent long-term investment opportunity."
Investment Highlights
The property offers compelling investment characteristics including:
- 100% occupied by DHL International (UK) Limited on long-term FRI lease
- Mission-critical facility serving as regional parcel distribution center
- World-class tenant with exceptional operational and financial strength
- Strategic Telford location with excellent motorway and rail connectivity
- Modern specifications with EPC rating "A" and 12-meter eaves height
- Strong rental fundamentals with rents below current market levels
- Stable income profile with 5-yearly upward-only rent reviews in 2028 and 2033
- Long-term investment horizon with 14-year lease term remaining
Market Position
Located in Hortonwood, the property benefits from Telford's position as a major logistics hub in the West Midlands. The industrial park hosts major occupiers including BAE Systems, Makita, Denso Manufacturing, Epson (UK) Ltd, and Nestlé, reflecting the area's status as a premier industrial location.
Telford's central positioning within the UK provides excellent connectivity to major markets via the M54 and M6 motorways, making it ideal for efficient distribution across the country. The area benefits from a skilled workforce of over 350,000 people within a 30-minute radius, with strong industrial and manufacturing heritage.
About Soor Capital
Soor Capital is a private equity real estate firm offering comprehensive investment services across the USA, UK, Europe, and GCC regions. The firm specializes in acquiring institutional-quality real estate assets with superior tenant profiles and strategic market locations. Since its establishment, Soor has transacted over £500 million of private equity real estate investments, focusing on core-plus, income-generating properties in prime locations.
