Lambert Smith Hampton (LSH) has advised Sunrise Real Estate on the acquisition of a self-contained freehold industrial site at 12 Waxlow Road, Park Royal, one of London’s most established and supply-constrained industrial locations.

The property comprises an industrial warehouse extending to 42,079 sq ft, constructed in 1998, set on a 2.9-acre site. The asset benefits from short-term income, while also offering significant future upside, with detailed planning consent in place for the development of a new 111,492 sq ft prime logistics warehouse.

Park Royal is widely recognised as the UK’s leading industrial hub, located approximately eight miles northwest of Central London and home to a diverse occupier base spanning logistics, manufacturing and creative industries. The acquisition reflects ongoing investor demand for well-located London industrial assets, particularly those offering both income and long-term redevelopment potential in core urban markets.
LSH acted on behalf of Sunrise Real Estate, with SBY Real Estate acting as joint agents on the acquisition. The vendor was advised by Levy Real Estate and Savills.

Alex Carr, Executive Director at Lambert Smith Hampton, commented:

“We are delighted to acquire another asset for Sunrise Real Estate, following on from our acquisition of Tesco, DIRFT in 2024, in what remains a core West London industrial stronghold. Opportunities of this scale and quality in Park Royal are increasingly rare, and we look forward to working closely with Sunrise as we execute the proposed business plan for the site.”

Kyle Streitburger, Head of Investment at Sunrise Real Estate, added:

“This acquisition aligns strongly with our strategy of targeting high-quality industrial assets in supply-constrained urban locations. Park Royal continues to demonstrate robust occupational demand, and the combination of short-term income with a clear development pathway presents a compelling opportunity for Sunrise as we look to deliver best-in-class logistics space in London.”

The transaction underlines continued confidence in the London industrial investment market, where limited availability, strong occupier demand and planning-backed redevelopment opportunities continue to drive investor appetite.