West London warehouse park acquired in £202.5m deal

An urban warehouse estate in West London has been acquired by a property investment firm in a multi-million pound deal.

SEGRO has purchased Perivale Park from US-based investment manager Federated Hermes for £202.5m.

Comprising 55,100 sq m of lettable space across 23 units and 8 acres of land, Perivale Park is situated adjacent to Perivale Underground Station.

The site is currently leased as a vehicle compound, but was identified by SEGRO as having medium term development potential.

Alan Holland, business unit director for SEGRO’s Greater London portfolio, commented: “Perivale Park is a perfect fit for SEGRO, sitting adjacent to the A40 and nestled between our core holdings in Greenford and Park Royal.

“It offers a rare opportunity to build further scale and drive value in an area where we already have considerable expertise and knowledge of the local market and customer base.

“It also offers medium-term development and redevelopment potential in one of London’s prime, and most supply-constrained, industrial clusters.”

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