Long income. Life sciences demand. Purpose-built supply.
Pharmaceutical-grade logistics is a specialist and structurally undersupplied niche. The growth of UK life sciences, cold-chain distribution, and pharmaceutical manufacturing has created strong demand for purpose-built warehousing that meets GMP and controlled environment standards — yet very little new supply is coming forward.
Yeats has developed a replicable model for pharmaceutical logistics facilities, targeting long pre-let structures with institutional-quality tenants. Our Pharma Works concept — a 200,000 sqft facility pre-let to Wasdell Group on a 25-year lease — demonstrates the potential of this sector: an 8.3% yield on cost and a 44.5% profit on cost.
Key Characteristics
- Long secure income — typically 20 to 25 year leases with institutional tenants
- Pre-let structures de-risk development funding and exit
- Specialist specification creates high barriers to entry
- Strong GDV uplift versus standard industrial from secure, long-dated income
- Target yield on cost: 8.0%+
