This website uses cookies to enhance your user experience. By using this website you are consenting to this.
24th November 2025
KSP is pleased to announce that its GLi investment platform, a joint venture with PATRIZIA, has completed the sale of PR1 in Park Royal to Tritax London Logistics Fund (TLLF) for £43.9 million.
PR1 is a 61,611 sq ft ultra-sustainable logistics warehouse on Abbey Road in the heart of West London's premier industrial location. The property is fully pre-let to Classic Fine Foods, part of Metro AG, an international food company serving prestigious restaurants, hotels and gourmet outlets across Central London.
KSP worked closely with Ben Wiley at BNP Paribas Real Estate to secure the tenant and bring the pre-let deal forward, enabling a market-leading exit. The development showcases GLi's sector-leading approach to sustainability. PR1 is 100% electric with maximum rooftop solar array coverage and integrated battery storage. The building features 100% EV charging infrastructure and achieved net zero in construction.
Will Ikin, Investment Director at KSP, said: "The sale of PR1 to Tritax London Logistics Fund validates our strategy of developing premium, ultra-sustainable urban logistics assets. The ESG premium achieved on this transaction demonstrates strong market demand for future-proof logistics space that delivers both operational cost advantages and sustainability credentials. Thanks to Ben Wiley and the team at BNP Paribas Real Estate for their excellent work in securing the pre-let, and to CBRE for their support on the transaction."
The GLi platform operates a £640 million (€750 million) investment fund creating ultra-sustainable, all-electric industrial buildings across Greater London, with additional properties in Park Royal, Charlton, Croydon, Enfield and Mitcham.