ARGO Real Estate, Blue Coast Capital launch $647m brown-to-green urban logistics platform

ARGO Real Estate, the U.K.-based real estate operating partner and investment manager, has launched a new brown-to-green urban logistics platform, having secured significant backing from cornerstone investor Blue Coast Capital. The strategy aims to aggregate a £500 million (€599 million/$647 million) portfolio, repositioning urban logistics investment assets ripe for refurbishment into best-in-class sustainable properties in economically strong and densely populated U.K. cities and towns, enhancing both income and capital values.

The platform has successfully completed its first acquisition with the purchase of the Tuscam Trading Estate in Camberley, Surrey, for around £40 million (€48 million/$52 million). This 183,000-square-foot underrented industrial estate will undergo a comprehensive refurbishment to modern sustainable standards while tenant businesses remain in operation, unlocking substantial rental reversion and capital uplift.

A strong pipeline of furth