DFI, a leading European private equity real estate platform, has rebranded its UK urban logistics and industrial platform in collaboration with AGRO Real Estate. The new identity is Intown Logistics.
Established in 2023, Intown Logistics features approximately 1 million square feet of space across 11 key urban logistics and industrial assets. These locations include prime hubs in London, the South East, and Trafford Park in Manchester.
The focus of Intown is on repositioning these assets through strategic cap ex investments. By refurbishing properties while tenants remain, Intown aims to create best-in-class sustainable spaces. This approach allows the platform to capture considerably higher rent reversions from its quality tenant demographic.
Intown has successfully completed multiple capex programs, with renovations on over 60 units either finished, underway, or set to commence shortly.
In alignment with the platform’s ESG-focused strategy, 25% of the portfolio now boasts an EPC rating of ‘A,’ with ambitions to exceed 50% by the end of 2025. Furthermore, several upgraded units have achieved net zero carbon status. Automatic ESG data loggers have been installed throughout the portfolio, enabling Intown to monitor energy consumption and enhance environmental performance, thereby supporting increased rents and tenant demand.
Urban logistics continues to be a priority asset class for DFI and AGRO, characterized by robust occupier fundamentals, low vacancy rates, and a restricted pipeline for new developments.
The joint venture previously sold an asset in Weybridge in 2024, yielding excellent returns for investors. Moving forward, Intown will evaluate individual acquisitions and disposals while preparing for a potential platform exit or recapitalization in the coming years.
Jonni Glick, Director at DFI, stated: “These lettings and significant rental growth are testament to the hard work of the team to execute a comprehensive capex programme and unlock the substantial reversion potential within the portfolio.”
He added, “This has primarily been delivered through the improvement of EPC ratings to meet the demands of modern logistics occupiers for very well located, sustainable real estate.”
Furthermore, Glick noted, “The new Intown brand gives the platform a clearer identity within the market as we consider future options while continuing to build out the portfolio and delivering further income growth.”
