Moorgarth Group anticipates launch of $122m real estate fund

U.K.-based Moorgarth Group is planning to launch a £100 million ($122 million) restructuring fund to invest in community-based retail and leisure projects across the United Kingdom, according to several news sources.

The fund will target urban real estate valued at £5 million ($6 million) and higher, which offers essential services to the community.

The fund will be backed by Moorgarth Group’s existing investment partners.