U.S. private equity firm Sixth Street has expanded its presence in the UK real estate market with a significant £350 million industrial portfolio acquisition. The deal involves the recapitalisation of a 37-asset, multi-let industrial portfolio owned by Clipstone Industrial REIT, a company listed on the International Stock Exchange. This portfolio comprises approximately 1.7 million square feet of industrial space, nearly 40% of which is located in the strategically important London and M25 corridor, with the remaining assets scattered across the south-east of England. Notable locations within the portfolio include Enfield, Hanworth, Sutton, Chessington, Welwyn, Bracknell, Reading, Newbury, and areas near Stansted Airport.
Alongside the acquisition, Sixth Street and Clipstone have formed a joint venture named C6 Industrial, where Sixth Street is set to provide the majority of the equity capital, while Clipstone will continue to manage the portfolio. The venture aims not only to oversee the existing assets but also to target further acquisitions of high-quality multi-let industrial properties across the UK. This move demonstrates Sixth Street’s commitment to growing its industrial real estate platform in established markets with strong occupational demand.
This latest industrial acquisition adds to a growing series of UK real estate investments by Sixth Street, which has been notably active across multiple sectors. Just a year ago, the firm partnered with Patron Capital to acquire UK housebuilder Cala from Legal & General in a deal valued at £1.35 billion. Earlier in 2025, Sixth Street also joined forces with logistics specialist Copley Point to acquire three UK logistics assets totalling approximately 0.9 million square feet, leased to prominent tenants such as Amazon and Fowler Welch, marking a strategic focus on mission-critical industrial and logistics real estate in the UK. This partnership with Copley Point has since expanded, adding a further five logistics assets from Barings to grow their combined portfolio to about 3.3 million square feet since November 2024.
Sixth Street, which has its origins in private equity and sports investments—including a stake in the Boston Celtics valued among the highest ever placed on a sports team—has diversified strongly into UK property markets. Its portfolio spans residential, office, and industrial sectors, as well as partnerships managing office parks and commercial assets. For example, in 2022, Sixth Street entered a joint venture with Henley Investments to acquire and enhance New Square, an office park near Heathrow Airport, reinforcing its strategy to invest in high-quality, well-located real estate.
This latest industrial acquisition and joint venture with Clipstone underscore Sixth Street’s growing footprint in the UK multi-let industrial sector, a market driven by robust occupier demand linked to e-commerce and logistics. The company’s strategy appears focused on leveraging strong occupational markets in key locations around London and the south-east, reinforcing its position in one of Europe’s most dynamic real estate zones.
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Source: Noah Wire Services