BGO, the global real estate manager, has sold a portfolio of UK logistics assets to Sunrise Real Estate and Aermont Capital for around £150 million.
The assets comprise four of the seven sites that formed the Tudor Portfolio which BGO bought from Thor and Morgan Stanley Real Estate for around £303 million six years ago.
They are understood to comprise: the DHL unit at DIRFT, Daventry; Unit 3, Nexus 21 at Grove Park, Leicester; 5320, MP411, Magna Park, Lutterworth; and Hams 160, Hams Hall, Coleshill.
From the original 2.2 million square feet portfolio BGO has retained The Duke, at Burton-on-Trent, the DSV warehouse at Warth Park, Raunds, and the Sainsbury's distribution centre at Rye Park, Hoddesdon.
Morgan Stanley Real Estate teamed up with Thor Equities Group to buy the Tudor portfolio for £241 million from Segro in December 2019.
CBRE advised BGO. The buyer was unrepresented.
The sale is a standout recent portfolio transaction. Investment activity across the UK logistics and industrial sector remained subdued in the second quarter of 2026, with volumes totalling £1.1 billion.
According to Cushman & Wakefield's latest report "ongoing financial market volatility, an uncertain macroeconomic outlook and limited availability of institutional-grade prime stock continued to weigh on activity, leaving H1 turnover at £2.2 billion, the weakest first-half performance since 2013".
Despite this Cushman & Wakefield reports that transaction numbers improved during the quarter, with activity remaining focused on prime markets across the Midlands and South East where occupational fundamentals remain strongest.
Aermont Capital and Sunrise Real Estate have a strategic partnership focused on acquiring, developing, and managing institutional-grade logistics and industrial real estate across the UK and Europe, backed by Aermont's ACREF V fund.
Sunrise is a major pan-European logistics investor, developer and asset manager. In May, it fully leased its 673,000-square-foot logistics asset in Rugby in the West Midlands to ID Logistics UK, the international transport and logistics company, which is understood to have been acting for Amazon.
The asset was bought by Sunrise in 2022 from Gap Inc. for around £127 million in a transaction revealed by CoStar News and it has since been refurbished to reposition it as a modernised logistics facility with improved sustainability credentials.
(This story has been corrected to confirm Gap sold the Rugby asset to Sunrise.)