trending Market Intelligence /marketintelligence/en/news-insights/trending/R5V4nbI75PwzxKwzYYvYTQ2 content esgSubNav
In This List

Newcore Capital to invest £25M in UK self-storage assets

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective

Blog

Insights Weekly: Midstream sector gains; loan growth momentum; insurance M&A on the rise


Newcore Capital to invest £25M in UK self-storage assets

Real estate investment manager Newcore Capital Management LLP formed a partnership with operator Engage Management Services to target the U.K.'s self-storage sector.

Newcore is committing an initial £10 million of equity from its £100 million Newcore Strategic Situations IV value-add fund to build a portfolio of freehold self-storage assets in the U.K., and expects to commit £25 million in the sector over the next 18 months, focusing on the southeast of England, as well as other regional locations.

Newcore noted that it will buy existing buildings or sites on which to build new facilities.

The fund will own the assets, while Engage Management Services will be the operator and development manager.