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

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

Blog

Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


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.