Eversheds has advised SEGRO on the sale of its portfolio of six logistics properties and a smaller regional warehouse to Logicor, Blackstone’s European logistics platform, for £153.3m.

The 2m sq ft portfolio comprises logistics warehouses formerly part of the Logistics Property Partnership joint venture located in Bardon, Bicester, Maidstone, Sheffield, and Swindon, and a smaller warehouse in Norfolk purchased by SEGRO as part of a portfolio transaction in July 2014.

Eversheds worked on all aspects of the transaction. The team was led by David Emberson, partner in Real Estate working alongside Principal Associate Alison Short, Senior Associate Charlotte Stodell, and Associates Amy Jones and Laura-Jane Greenman and Trainee Georgina Voogd.

David Emberson, said:

“SEGRO are a long standing client of the firm and it has been a pleasure to have advised them on this significant deal. The sale will allow SEGRO to focus on core business operations in line with its strategy to further expand in the UK and internationally.”