Barwood forms logistics JV

Barwood Capital and Caisson Investment Management have formed a joint venture (BCCIM) to target multi-let industrial and urban logistics assets across the U.K. regions.  

BCCIM has secured a first close with Merseyside Pension Fund for its Urban Industrial Income L.P. (UII), a seven-year vehicle investing in multi-let industrial and urban logistics assets in regional locations across the United Kingdom, enabling it to purchase £30 million to £40 million (€35 million to €47 million/$42 million to $56 million) of assets. Within a week, it has already completed the purchase of its first asset, Rushock Trading Estate in Droitwich, for £12.7 million (€14.8 million/$18 million) and is pursuing further opportunities.