Lysara buys fully let Amazon Belfast Titanic Quarter logistics facility from UBS AM for £26m

Lysara acquired the Amazon Belfast logistics facility for £26 million, below the initial £28 million asking price (6% NIY), representing a slight loss for UBS AM which paid £27.12 million in 2020. The asset's appeal lies in its 15-year indexed lease to Amazon, one of the UK's most creditworthy logistics tenants, in a near-monopoly position as Northern Ireland's only facility built to Amazon's specifications. The triple-deck van park structure (providing 479 EV-capable spaces across 320,000 sq ft) is a distinctive feature supporting last-mile delivery operations. Lysara (UK real estate platform focused on transport, logistics and energy transition assets; 45-asset UK portfolio; GreenPoint Partners backing); UBS Asset Management (global real estate fund manager; seller); Amazon UK Services (long-term tenant); Savills (broker). Transaction details not disclosed; implied to be funded from Lysara's existing equity/debt facilities.