A 250,000 sq ft Northamptonshire logistics facility, has been acquired by a property investment firm in a deal worth £30m.

Specialist investor, developer and manager of real estate, Arrow Capital Partners, has completed the sale a warehouse in Corby to Leftfield.

Rob Howe, head of real estate, Europe, at Arrow Capital Partners, said: “This sale demonstrates the strong demand for long-leased, well-located warehouse space with excellent sustainability credentials in the UK.

“We decided to divest having created a stabilised asset and exceeded the business plan. This sale will allow us to recycle capital to take advantage of opportunities that are likely to emerge as valuations and finance rates settle over the coming months.”

Nico Fourie, chief executive of Leftfield Advisors, added: “Leftfield remains a conviction buyer within this sector; Businesses are executing on a strategic initiative to shorten and localise supply chains. This is a permanent structural transition that requires decades of committed capital investment.

“Leftfield’s acquisition is a quality warehouse in a well-selected location and a key contributor to supply chain efficiencies. It is let on an excellent covenant and will enjoy strong rental growth going forward.”