A portfolio of 11 industrial logistics units has been acquired by a fund managed by Tristan Capital Partners for £68 million.
The units are spread across three sites - Velocity 42 in Redditch, Cransley Park in Kettering and Western 105 in Avonmouth.
The seller was the Black Country-based property investors the Richardson family.
Velocity 42 and Cransley Park cover 561,000 sq ft and were both developed by Henley-in-Arden outfit St Francis while the 105,000 sq ft Western 105 was developed by Curtis Hall.
Around 145,000 sq ft is either occupied or under offer at the moment.
Nicho Jenkins, managing director at Tristan Capital Partners, said: "The coronavirus crisis has accelerated ecommerce trends in the UK, resulting in a surge in occupational demand for strategically located warehouses.
"The UK is suffering from a limited supply of new logistics buildings and the modern, flexible space offered by these recently developed assets has already attracted strong interest from a variety of potential occupiers.
"Our plan is to lease up the vacant space and pursue similar opportunities to potentially build out a UK logistics portfolio."
Gareth Williams, director at St Francis Group, added: "During difficult times, we are delighted to have been able to capitalise on continued investor appetite for high-quality and well-located industrial warehouse stock.
"We are delighted to see them sold into long term ownership."
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