Cadence AC St Mary’s 1 is a partnership with a foreign institutional Capital Partner, established to acquire, develop and manage a single asset within the industrial and logistics sector. The vehicle pursues a core-plus strategy, underpinned by active management and tailored initiatives designed to deliver sustainable, long-term risk-adjusted returns.
Cadence AC St Mary’s 1 is focused on unlocking value through the acquisition of an intermodal terminal in St Mary’s at below replacement cost. As part of the transaction, a new 20-year lease was negotiated with the tenant, providing a long WALE and secure income profile. The strategy also targets capital upgrades, with further upside supported by the site’s optionality and potential for future development.