London-based investor ICG Real Estate acquires 65-acre property in south Liverpool in deal worth £63.5m, one of the biggest in the North West in 2025. Tony McDonough reports
ICG Real Estate has bought Triumph Business Park in south Liverpool for £63.5m.
Spread across 65 acres, Triumph Business Park offers 1m sq ft of logistics, storage and industrial space in 52 units. It is located in Speke close to Liverpool John Lennon Airport and Liverpool South Parkway station.
This is one of the biggest commercial deals in the North West so far in 2025. Based in London, ICG Real Estate is the property investment division of global asset manager ICG.
Operating from 20 locations across the world, ICG described itself as an “alternative asset manager” and has more than £80bn of assets under management and invests across capital, private equity secondaries, private debt, credit and real assets.
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Triumph Business Park last changed hands in 2019 when it was acquired by InfraRed Active Real Estate Fund IV for £30m. In 2021 InfraRed Capital Partners was itself bought by ARA Europe, which rebranded to ESR Europe in 2024.
The Triumph Business Park deal is ICG’s latest in the UK industrial warehouse sector, following four last-mile industrial and logistics deals for around £50m.