Leopard Capital, the property investment manager, has completed the sale of its Amazon Distribution Centre in Welwyn Garden City to Legal & General (“L&G”) for £5.525m.
The unit is let to Amazon UK Services Ltd on a new 10-year lease from April 2026, following a lease regear completed ahead of the sale. The disposal follows an approach made by L&G, which owns the neighbouring City Park estate.
Alex Fordyce, Managing Director of Leopard Capital, commented: “This disposal reflects the value we’ve been able to create through active management. Securing a long-term regear with Amazon ahead of sale was central to that, and we’re pleased to have delivered a strong outcome for our investors. We continue to look for similar opportunities across the UK industrial market.”
Will Gubb, Head of Industrial Capital Markets at Knight Frank, who advised on the sale, commented: “We are delighted to have advised Leopard Capital on this off-market disposal, having advised on the lease renewal last year. We continue to see strong demand for well-located industrial assets in core South East markets where there is continued rental growth forecast; this is a trend we expect to continue throughout 2026.”
Leopard Capital focuses on industrial and distribution assets across the UK and Europe. The fund is looking to redeploy proceeds from the sale into further acquisitions, in line with its ongoing strategy of acquiring well-located industrial assets with strong rental growth potential.
Knight Frank advised the seller and Kimmre acted for the purchaser.