Leftfield acquires Waitrose logistics hub in major South West deal
Leftfield has acquired Waitrose’s new regional distribution facility in Severnside, from Mountpark, marking a significant transaction for the South West market.
The 360,926 sq ft unit is let to Waitrose on a 15-year lease, and is set to support Waitrose’s operations and expansion in the South West.
The facility is rated BREEAM ‘Outstanding’ and EPC A+, and features several sustainability measures, including 1,200 rooftop solar panels generating 625 kVA of power, supported by 118 kW of Tesla battery storage. Designed with operational efficiency and employee wellbeing in mind, the facility also incorporates landscaped gardens, ribbon glazing to maximise natural light, and a roof terrace.
Strategically located with direct access to the M49, M4, and M5 motorways, the unit occupies a prime position within Central Park, Avonmouth, one of the South West’s most significant distribution hubs. The new M49 Junction 1, due to be connected to the local road network by late autumn 2026, will further enhance connectivity, reinforcing the site’s long‑term value as a regional and national logistics base.
Bart Holt-Smith, Director, Capital Markets and Development for Mountpark, commented, “Following the successful leasing to Waitrose last year, we are pleased to have concluded the sale of the unit to Leftfield in what was a smooth transaction in a short timescale. Despite the challenging investment market conditions seen in 2025, the leasing and subsequent sale highlights the resilience of the logistics market and reaffirms Mountpark’s strategy of developing ‘best-in-class’ logistics warehousing that aims to capture premium investment pricing.”
Nico Fourie, at Leftfield said, “We are delighted to acquire a warehouse of this quality developed by Mountpark. It reinforces Leftfield’s commitment to quality buildings with strong occupiers in resilient locations. The building is another excellent addition to Leftfield’s Fund III, a pure theme Industrial and Logistics Warehouse portfolio”.
Leftfield was advised by Howard Kennedy, Shoosmiths, Colliers and CBRE.