In 2019 Delancey formed a JV with Tritax to create MetroBox – a new platform which looks to take advantage of the structure shift in the retail and logistics property markets, providing investors with an exposure to post-digital, operationally important logistics real estate without the need to compete for traditional last mile assets.
 
This new hybrid of E-warehousing with retail and logistics functionality is emerging as the property solution, offering omnichannel commerce under one roof: Physical sales, Online fulfillment and Click & Collect.
 
The development is taking place as UK Retail Warehouse yields reach historic highs and logistics assets at historic lows as institutional investors rotate their portfolios away from retail into logistics.
 
MetroBox currently invests in UK retail warehousing and currently has circa. £300m of assets under management.