A Belfast warehouse leased to Amazon has been sold to London-based energy transition and infrastructure platform Lysara for £26 million, below the original £29 million asking price, according to reporting in The Irish News.

The 411,185-square-foot site at Channel Commercial Park in the Titanic Quarter was sold by UBS Asset Management, which purchased the asset for £27.12 million in 2020. Savills confirmed the transaction closed with GreenPoint Partners-backed Lysara paying £26.05 million for the property.

Amazon signed a 15-year lease for the site in September 2020, making it the company's main last-mile warehouse and distribution facility in Northern Ireland. The complex includes a 91,077-square-foot distribution warehouse and office accommodation, alongside a triple-deck van park with 479 spaces extending to more than 320,000 square feet.

Head of Savills Northern Ireland Ben Turtle stated: "This transaction demonstrates the strength of investor appetite for high quality logistics assets in Northern Ireland, particularly those underpinned by global covenants and long-term, inflation-linked income."

Turtle noted that achieving a sale at £26.05 million and a 6.58 per cent net initial yield reflects both the quality of the asset and continued confidence in the logistics sector. Savills described the Channel Commercial Park complex as Northern Ireland's only purpose-built last-mile warehouse and distribution centre, designed to meet Amazon's operational requirements.

Built in 2020, the facility represents the biggest commercial property transaction of 2026 to date and ranks among the largest warehouse deals in Northern Ireland. The sale demonstrates institutional investor interest in logistics real estate backed by long-term occupational leases from global operators.

Read complete details of the Amazon-leased Belfast warehouse sale to Lysara in the full article.