Iput has acquired Chancerygate, the UK’s largest multi-let urban logistics property developer and investment asset manager, for $60,000,000. This corporate acquisition sees Iput take ownership of a company renowned for creating high-quality, sustainable industrial and warehousing spaces across the UK and expanding into Europe, with established offices in Dublin, Madrid, Lisbon, and Paris.
Chancerygate, operating since 1995, currently has approximately 1.41 million square feet of urban logistics space under construction or ready for development across 11 sites in the UK. The company also manages an investment portfolio exceeding £400 million, comprising more than 400 units totalling around 3.2 million square feet of commercial space for its own balance sheet and third-party clients. Its operations are distinguished by an ESG-focused approach, aiming to deliver long-term sustainability and social value.
This acquisition by Iput is a strategic move to significantly enhance its capabilities and market presence within the robust urban logistics property sector. Chancerygate brings a proven three-decade track record in development, project management, and investment asset management, alongside a substantial pipeline of projects and a nationwide UK footprint. The transaction enables Iput to leverage Chancerygate's deep market insight and established European expansion framework, positioning it strongly in a competitive market.
The combination of Iput's resources with Chancerygate's specialized expertise and development pipeline is expected to create a unified entity capable of driving accelerated growth in the European logistics property market. The integrated company aims to capitalize on the sustained demand for high-quality, sustainable urban logistics spaces. This consolidation positions the combined organization to further innovate and expand its development and asset management activities, serving a broader range of occupiers and investors across its operational regions.