Pan-European transport infrastructure platform Lysara has acquired a last-mile transport infrastructure asset in Belfast, fully let to Amazon, in a £25m deal.
Channel Commercial Park, Titanic Quarter, Belfast
Located at the Channel Commercial Park in Belfast’s Titanic Quarter, the 10-acre site has direct access to Belfast Port and comprises a 91,000 sq ft distribution facility integrated with a 479-space multistorey van parking deck and existing electric vehicle charging infrastructure.
It was developed to Amazon’s operational specification in 2020 and now supports last-mile delivery operations across Northern Ireland. It was acquired for £27m by UBS Asset Management in 2020.
The transaction forms part of Lysara’s wider growth strategy of securing transport infrastructure in key logistics corridors and urban markets across the UK and western Europe. It currently owns 45 assets across the UK and Europe.
Scott Parsons, chief executive of Lysara, said the scheme’s location was “strategically important” and aligns with “our focus on securing well-located infrastructure with long-term power capability as fleet requirements evolve”.
He added: “We remain focused on expanding the platform across key European markets and see continued opportunity in last-mile, middle-mile and transport-related outdoor storage assets that can support phased electrification over time.”
Lysara was advised by Cushman & Wakefield and PDK Partners, with legal advice from Dentons and Carson McDowell. The vendor was advised by Savills.
Last month, Amazon signed a lease for a new 120,000 sq ft logistics unit at Port of Cardiff, in the first phase of Associated British Ports’ major business park development.
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