Clipstone and Sixth Street focus on UK urban industrial sector
Clipstone and Sixth Street join to focus on UK multi-let
8 October 2025
A new joint venture between investment firm Sixth Street and industrial property manager Clipstone Investment Management will recapitalise a 37-asset UK industrial portfolio and target further expansion, signalling continued confidence in the UK multi-let industrial market.
The joint venture, named C6 Industrial, will be seeded with Clipstone Industrial REIT’s 1.7 million sq ft portfolio of 37 properties. The assets are concentrated in urban locations across London and the South East, including Enfield, Hanworth, Sutton, Chessington, Bracknell, Reading and Stansted Airport. Approximately 40% of the portfolio is within the London and M25 area.
Sixth Street, which is providing the majority of the equity, will partner with Clipstone as asset manager, with both firms indicating plans to grow the platform through additional acquisitions.
The announcement reflects ongoing investor appetite for well-located industrial estates that support warehousing, logistics, and light manufacturing. With limited new supply and growing demand driven by urban logistics and e-commerce, the recapitalised portfolio positions C6 Industrial to capitalise on structural market shifts.
Toby Dean, CEO of Clipstone, said: “There is a long-term shortage of industrial space in London and the South East due to supply loss, limited land availability, and increasing demand from online retail and last-mile logistics. Partnering with Sixth Street provides both the capital and expertise to scale this platform in a market with strong fundamentals.”
The UK industrial sector has been resilient through market cycles, particularly in the multi-let segment, which benefits from tenant diversity and stable occupancy. The C6 portfolio’s urban focus offers access to robust occupier demand and relatively constrained land supply.
Giulio Passanisi, Partner and Head of European Real Estate at Sixth Street, noted: “Multi-let industrial assets remain attractive due to their income stability and operational resilience. Clipstone’s established footprint and local insight give us a strong base to expand in this segment.”
The joint venture underlines the appeal of UK multi-let industrial assets as an inflation-hedging investment class and highlights the increasing institutional focus on urban industrial real estate as part of long-term real asset strategies.
Sixth Street was advised by ACRE, Linklaters, EY, and Jones Hargreaves. Clipstone was advised by Newmark, Hogan Lovells, Fladgate, and Russell-Cooke.