Chancerygate, in partnership with specialist sustainable investor Bridges Fund Management, has completed the sale of a 750,000 sq ft urban logistics portfolio to Indurent—a prominent UK-based developer, owner, and operator of industrial and logistics real estate.

The Grade A portfolio comprises 76 units and includes the forward sale of two developments currently under construction—Torque in Erdington, Birmingham, and T45 in Leeds—as well as the completed Holbrook Park scheme in Coventry.

Holbrook Park spans 255,000 sq ft and includes 31 high-specification units ranging in size from 2,150 sq ft to 24,700 sq ft. The site is currently 67% let, with major tenants such as Magdalene, Evri, Clifton Bathrooms, and Kelvatek. The development is noted for its strong ESG credentials and sustainable design features.

T45, situated on the A63 East Leeds link road in the Cross Green industrial district, will offer 223,000 sq ft across 23 units once complete. Units will range from 4,450 sq ft to 32,900 sq ft, with practical completion scheduled for Q1 2026.

Commenting on the sale, Chancerygate senior development and transaction director, Matthew Connor, said: “This deal is an endorsement of our expertise in developing Grade A urban logistics accommodation in strategic areas with high occupier demand.

“Our product’s sustainability credentials, flexible sizing and proximity to key infrastructure and transport hubs continue to prove attractive to both investors and occupiers, evidenced by both this transaction and the occupational success at Holbrook.”

Henry Pepper, partner, property at Bridges, said “This portfolio sale reflects the growing demand for high-quality sustainable logistics space from occupiers looking to reduce costs and improve their environmental performance – which makes these extremely attractive assets for investors seeking future-proofed, long-term returns. We are delighted to complete this latest sale from the portfolio of assets we have developed with Chancerygate, which continues the strong run of exits that Bridges has been able to achieve this year.”

Torque, a 271,000 sq ft scheme located in Erdington, Birmingham, will feature 22 units ranging from 4,500 sq ft to 33,000 sq ft. Construction began in August 2025 and is expected to complete in Q4 2026.

Both T45 and Torque developments are targeting high sustainability benchmarks, including a BREEAM “Excellent” rating, as well as EPC ratings of A and A+, respectively.

Chancerygate and Bridges Fund Management have maintained a strategic partnership for over ten years. Together, they are currently developing four additional sustainable urban logistics schemes across the UK and Ireland, located in Adlington (Cheshire), Dublin, and the two newly sold sites, T45 and Torque.

DTRE acted as advisors on the transaction.