Image

Tungsten Properties, with funding partner Barwood Capital, has scooped the IAS Awards 2020 for Super-G, its 261,000 sq ft new warehouse in Yorkshire as the Best Investment Transaction.

Sponsored by IAS, the award was presented by Gordon Reynolds, vice-chairman, IAS and partner at Cushman & Wakefield.

Super-G was successfully let in August 2019 to global sportswear company PUMA for its national distribution centre on a 15 year lease. The building was then sold to South African specialist industrial REIT, Equites Property Fund.

The disposing agent was Frank-Steier Price and the acquiring agent was ACRE Capital Real Estate.

Jeff Penman, managing director, Tungsten Properties said: "Super-G is a high-spec, new warehouse which was delivered with our funding partner from site purchase, through development, to letting and ultimate sale. To be recognised by IAS for this project is super in itself - thank you to IAS and the awards' judges. I extend my congratulations to everyone who was a finalist in this year's awards and to the whole Super-G project delivery team, to Barwood Capital for providing the all important funding, and my exceptional team at Tungsten Properties."

The awards were presented virtually on Thursday 24th September 2020. The Award was presented to Andrew Barlow of Barwood Capital.

To view all the winners, visit: https://awards.industrialagentssociety.com/

Image