Property investors to take over Warwickshire management platform

Tue, 11 Sep 2018 | BUSINESS SALE

Roxhill Management Rugby Limited (RMRL), a Warwickshire-headquartered company, has entered an agreement to have its management platform taken over by property investment giants SEGRO.

The two businesses joined forces in a partnership back in 2016 that allowed SEGRO gradual access to its portfolio of warehouse development sites throughout the Midlands and South East areas of the UK.

The arrangement, which granted SEGRO access through option agreements, also gave the company the legal right to acquire RMRL’s management platform after a period of 30 months.

Although the terms of the acquisition are confidential, the transaction is expected to be completed by the end of the year and will pave the way for a single team located in the Midlands that will focus on the development and management of UK big box warehousing.

SEGRO’s chief executive, David Sleath, said: “By combining SEGRO’s and Roxhill’s teams, we will have the resources to deliver on our strategy to grow our big box warehouse position in the two strongest logistics regions in the UK and the expertise and network to create an on-going pipeline of schemes in the future.

“We will be even better placed to meet occupier demand for modern, well-located warehouses which are an increasingly critical component of the national infrastructure dealing with the impact of e-commerce.”

Even since the initial agreement in 2016, SEGRO commenced developing its Logistics Park East Midlands Gateway and is considering a further five sites upon announcing the acquisition.

Founders of the Roxhill management team David Keir and Jason Dalby commented: "The pipeline of land for development at SEGRO’s disposal is market leading and affords an exciting opportunity for both SEGRO and the RMRL employees alike."

For more news stories about mergers, click here. For all our business for sale listings, click here.


Share this article



Latest Businesses for Sale

Distributor of Imported Pet & Animal Accessories to the Trade
UK Wide

Online distributor of imported pet & animal accessories to the trade, distributing both non-branded and in-house branded goods across the UK. The company supplies to major retailers alongside more niche aquatic outlets with the company generating ove...

Asking Price: Offers Invited
Turnover: £6,200,000

Specialist Distributor to the International Dessert Catering Industry
Wales, UK

Specialist distributor of pancake & waffle mix, dessert catering equipment & accessories via its e-commerce websites. In addition, the company also offers training courses for catering professionals. Pioneer in the pancake, waffle & dessert industry...

Asking Price: Offers Invited
Turnover: £1,300,000

Importer, Wholesaler & Distributor of Books
South of England, UK Wide

UK-based wholesaler & distributor of English language, internationally published books. Stock is sourced through an overseas sister company which is, in turn, supplied by an established network of over 750 publishers, a figure which is growing monthl...

Asking Price: Offers Invited
Turnover: £894,000


View more businesses for sale

News Search

Latest News

 
22
 
Jan
 

Jewellery retailer enters administration | ADMINISTRATION

A Nottingham-based jewellery and watches company has fallen ...

 
19
 
Jan
 

Luxury lodging group enters administration | ADMINISTRATION

An Essex-based company which operates eight luxury lodge par...

 
17
 
Jan
 

Fine paper business enters administration | ADMINISTRATION

Arjowiggins UK, which operates a number of trading companies...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources