Newcore Capital Management has announced £30 million ($41 million) of real estate transactions as part of its ongoing social infrastructure strategy.
Newcore has acquired nearly £16 million ($22 million) of employment land, early years education and self-storage properties and sold £14 million ($19 million) of development, strategic and agricultural land along with an office building.
The acquisitions were from a mix of private and public sector vendors for Newcore Strategic Situations IV, its £150 million ($208 million) value-add fund, and a core-plus £50 million ($70 million) U.K. family office segregated account managed by Newcore.
The acquisitions consist of 20 acres over two sites of existing research and development and energy storage land in west London; two properties for Newcore’s Greater London early years education portfolio, which Newcore will reposition for educational and healthcare uses; and a self-storage facility in Chesham, which is let
