Crosstree Real Estate Partners and Bloom create $266m JV

Crosstree Real Estate Partners and Bloom have made the first acquisition for their new £200 million ($266 million) last-mile, industrial and logistics joint venture, according to media outlets. 

The joint venture has been created to invest in underinvested assets in supply-constrained submarkets that can be enhanced to grade A quality with enhanced sustainability credentials. The geographical focus will initially be in London and the South East but will likely expand to regional cities that have similarly attractive supply/demand dynamics.

The venture purchased Fairview Bus