Newlands Property Group Limited (NPGL), a specialist developer and operator and industrial and logistics projects across the United Kingdom, has acquired Equites Property Fund’s interests in the Equites Newlands Group Limited development platform.
The phased acquisition involves several key steps. Initially, it includes acquiring special purpose vehicles (SPVs) that hold interests in logistics development projects located in Cambridge, Rushden, Junction 16 (Northampton), and Junction 24 (Nottingham). After this, NPGL has secured an option for the purchase of all shares in the SPV that owns the interest in a development project near Thrapston, Northamptonshire. Lastly, the acquisition of SPVs with interests in projects near Egham, Peterborough, and Goldthorpe
