Pacific REIT acquires YP Portfolio

Pacific Industrial & Logistics REIT has expanded its UK logistics portfolio with the acquisition of six industrial assets from Oxenwood YPL Limited in a deal worth £31.5 million.

The portfolio delivers a net initial yield of 7.1%, includes strategically located logistics properties close to major regional transport hubs and urban distribution networks.

The acquisition aligns with the company’s strategy of investing in well-positioned, single-let logistics assets that support growing occupier demand driven by e-commerce growth and supply chain expansion. Several of the sites are occupied by major logistics operators including DHL, while one refurbished property in Leigh is currently vacant but supported by a rental guarantee and active occupier interest.

The portfolio also offers potential for future rental growth, with average rents considered below market replacement cost levels. Alongside the portfolio purchase, the REIT also completed the acquisition of an additional logistics site in Northampton as part of its continued expansion within the UK industrial and logistics sector.

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