JR Capital and Chancerygate’s £100 mln multi-let industrial property investment fund has acquired five assets for a combined value of over £16 mln (€20 mln).
The deals mark the conclusion of the fund’s acquisitions boosting the portfolio of industrial space to 24 assets comprising 150 units totalling 1,050,000 sq ft (97,500 m2) on sites ranging from Dundee to Exeter in the UK.
The final round of acquisitions includes estates located across the country in Mansfield, Dudley, Chester, Llandarcy and Nailsea.
Launched in June 2019, the fund has targeted multi-let industrial investments across the UK in lot sizes of £3 mln to £15 mln.
JR Capital CEO, John Collier-Wright, said: ‘The fund’s assets have performed exceptionally well, despite challenging global economic conditions, which is testament to the strength of the UK multi-let industrial sector, our stock selection and the management team. The sector remains undersupplied, with record levels of occupational demand, and we are bullish on the long term outlook. We have plans to raise additional capital from our investors in next year and look forward to growing our partnership with Chancerygate.’
London-based JR Capital is an FCA-registered multi-family office business with a focus on real estate. It provides a platform for its Middle East-based private and institutional clients to co-invest into both the UK and European real estate markets. Founded in 2005 by John Collier-Wright, it has concluded over £2 bn of transactions across all sectors.
Chancerygate is the UK’s largest multi-unit industrial developer and asset manager. The company’s asset management team currently manages over £325 mln of assets across more than five million sq ft of commercial space in more than 460 units.
Chancerygate and JR Capital were advised by BNP Paribas at Nailsea, Greenberry Advisors at Chester, Mitch Prop at Merry Hill and Knight Frank at Llandarcy.
