Situated on Eurocentral, Scotland’s top distribution and logistics site, the 31,000 m2 property has its own railway siding that connects to the nearby Euro Freight Terminal.

The facility, which is leased to GXO Logistics, consists of a 28,242 m2 purpose-built, high-quality warehouse, an 2,043 m2 office and an 650 m2 external canopy.

Neil Hasson, head of Investcorp European Real Estate, said: ‘This latest acquisition of a prime logistics facility aligns with our strategy to focus on UK logistics assets. High occupier demand and constrained supply are creating attractive investment opportunities. We continue to monitor opportunities in the UK logistics and industrial sector as well as actively manage our portfolio for the benefit of our investors.’

Tom Martin, Investcorp European Real Estate, added: ‘We are very excited to close the acquisition of another UK logistics facility. It is a key asset that is well connected to important transport infrastructure and is in a market with strong occupational fundamentals. We believe this will provide resilient and inflation-protected income as well as opportunities for capital upside.’

Investcorp’s European Real Estate invests in real estate opportunities in the UK and Europe, including office and industrial commercial properties and student accommodation.

The European portfolio now consists of 10 office properties across Germany, the Netherlands, Belgium, Italy and the UK, as well as 36 UK industrial assets and in excess of 550 student beds in the UK.