Orchard Street Investment Management has launched its third Special Situations fund to invest in UK commercial property, with Singapore's sovereign wealth fund GIC as principal investor.
'For an investor of the scale and reputation of GIC to have selected Orchard Street a third time to launch a fund is a strong endorsement of the strength of our working relationship,' commented Philip Gadsden (pictured), managing partner at Orchard Street.
The fund will have an initial £150 mln (€170 mln) investment capacity and will look to purchase assets across the UK, with a strategy of actively managing its acquisitions.
'We are confident the fund will attract high-quality assets with stable income streams,' Gadsden added.
