Russell-Cooke advises Bloom-Crosstree joint venture on £20.75m acquisition of two industrial sites in Ealing and Enfield
Russell-Cooke has advised Bloom and Crosstree on their joint venture acquisition of two multi-let industrial sites in Ealing and Enfield for a combined £20.75 million. Hanwell Works in Ealing was acquired for £11.15 million, while 2-7 Centenary Road in Enfield was acquired for £9.6 million.
These acquisitions mark the second and third purchases by the Bloom-Crosstree joint venture and bring the total number of transactions Russell-Cooke has supported for Bloom across its various joint venture partnerships to 10. Bloom is an urban warehouse investor and developer, while Crosstree is a London-based private real estate investment firm.
The Russell-Cooke real estate, planning and construction team acting on the Hanwell works deal was led by partner Neil Dryer, with senior associate Joe Maloney supporting, while partner Alex Ground provided advice on the planning position for the property and units thereon. The Centenary Road transaction was led by partners Neil Dryer and Katie Cooper, with senior associate Chloe Nixon also advising.
The acquisition of Hanwell Works and the Centenary Road sites builds on Bloom’s expanding presence in the London industrial market.
These acquisitions mark a further step in the growth of a valued client with a clear vision for expanding their industrial property portfolio in London. By combining our expertise in real estate and planning, we helped the Bloom-Crosstree JV secure these strategically located sites. We look forward to continuing our work with Bloom on their evolving joint venture projects as they drive forward their growth strategy.
Russell-Cooke has been an invaluable partner across multiple acquisitions, providing expert advice tailored to our ultra-urban and last mile investment strategies. Their collaborative approach and deep sector knowledge continue to add significant value as we expand our portfolio.
These deals have been covered in Property Week and Estates Gazette (available by subscription) as well as BE News.
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