UK real estate investor Newcore Capital Management has concluded £30m (€34.7m) worth of deals as part of its ongoing social infrastructure strategy.
Newcore said it has invested £16m to buy employment land, early years education and self-storage properties and sold a development, strategic and agricultural land along with an office building for £14m.
The acquisitions were from a mix of private and public sector vendors for Newcore Strategic Situations IV, the manager’s £150m value-add fund, and a core-plus £50m UK family office segregated account managed by Newcore.
Harry Savory, chief investment officer of Newcore Capital Management, said: “We are pleased with the progress of Newcore’s investment programme during 2020 and the performance of our existing portfolio through lockdown, which has been largely unaffected by issues facing other sectors, given the needs-based strategy.
“We are very much in the market during 2021 for similar asset purchases.”
To read the digital edition of the latest IPE Real Assets magazine click here.
No comments yet