Urban logistics and industrial property specialist Chancerygate has completed the acquisition of a nationwide portfolio of 17 multi-let industrial (MLI) assets from Legal & General Investment Management, marking a major expansion of the company’s UK industrial holdings.

The transaction, known as the Gigha Portfolio, comprises approximately 626,000 sq ft across 78 units in key locations including Hounslow, Park Royal, Welwyn Garden City, Northampton, Tonbridge, and Totton. Around 90% of the units are currently occupied, providing a strong and secure income stream, while also offering significant scope for leasing, refurbishment, and ESG-led enhancements.

This strategic acquisition substantially increases Chancerygate’s assets under management and reinforces the growing prominence of multi-let industrial properties as a resilient and attractive asset class within the UK real estate market.

Advising Chancerygate on the transaction were Knight Frank and Maples Teesdale, while JLL acted on behalf of Legal & General Investment Management.

This acquisition highlights Chancerygate’s continued commitment to expanding its footprint in the competitive UK MLI market and reflects the ongoing appeal of industrial real estate for institutional investors.