Barwood Capital and Caisson Investment Management (“BCCIM”) have purchased the M54 Space Centre in Telford on behalf of the Urban Industrial Income LP.
The property is Urban Industrial Income’s fourth acquisition and takes its assets under management to £35 million across a total of around half a million ft2 of multi-let industrial space in the UK.
Urban Industrial Income was launched to invest in multi-let and urban industrial assets in regional locations across the UK. Previous purchases include Graylaw Trading Estate, Aintree; Waleswood Industrial Estate, Sheffield, and Rushock Trading Estate, Droitwich.
“Telford is a great addition to the current portfolio and underpins our ability to amalgamate a sizeable portfolio of strong regional urban industrial assets, offering our investors strong income returns and good capital growth potential”, said Danielle Sheppard, Senior Investment Director at Barwood.
“We are continuing to look for further opportunities in urban industrial and multi let industrial assets in the UK regions.”