A fund managed by JP Morgan Asset Management has partnered with UK commercial property developer Graftongate to acquire an 8.5-acre development site for a £75 million (€89.1 million) logistics project.
The site in Reading has planning consent for the development of a 160,000 square foot logistics scheme, comprising four new warehouse units.
The acquisition of the Reading International Logistics Park, for an unspecified amount, represents the initial investment for a £500m joint venture between JP Morgan and Graftongate.
Source: IPE Real Assets on 19 May 2025
https://realassets.ipe.com/news/jp-morgan-graftongate-buy-reading-site-for-new-uk-logistics-venture/10130613.article