Glenny sells Midpoint to Mileway

Fri 24 July 2020, 4:52 pm

Acting for Newable Property Development, Glenny has completed the sale of the 67,000 sq ft Midpoint industrial/logistics development in Enfield to Mileway, the largest owner of "last mile" logistics real estate assets in Europe.

Midpoint is strategically located with connections to the major M25, A10 and A406 arterial routes. Brimsdown Station, located half a mile from the development, provides a frequent service to London Liverpool Street Station. The area has already attracted high profile retail occupiers including Amazon, DHL, John Lewis, Tesco, Hermes Parcelnet, and Ocado.

Peter Higgins, Glenny divisional partner, said: "Midpoint is a high quality and versatile industrial development located in the heart of the Brimsdown employment area. Constructed with flexibility in mind, the development plays an essential part in accommodating the high demand for Grade A logistics space in North London."

Glenny acted as joint agent for Newable Property Development, alongside Knight Frank.