TPG and M&G have rebranded their 6m sq ft Active Growth Logistics industrial estate portfolio as iBox.
The new name, derived from ‘Industrial Box’, reflects the platform’s commitment to building and scaling an industrial real estate portfolio to meet the growing demand for high-quality industrial and logistics space across UK markets, the partners said.
TPG and M&G formed the joint venture last year, with the portfolio totalling 6m sq ft in key markets including London and South East.
The diversified portfolio of multi-let and mid-box estates provides customisable spaces let to around 630 tenants, from start-ups to multinational organisations.
The iBox rebranding includes a newly launched website to help occupants find high-quality multi- and mid-box industrial spaces.
The venture is also investing £53m in a programme to strengthen the portfolio’s asset quality and sustainability.
