NW1 Partners and Marchmont have held the initial closing of the NW1 Partners/Marchmont UK ‘Last Mile’ Logistics Venture, which will assemble a portfolio of small cap, urban industrial assets throughout Greater London and other key U.K. cities.
The fund intends to acquire more than £100 million ($130 million) of properties with its capital and the typical asset size will range from £3 million to £10 million ($3.9 million and $13 million).
The venture will seek to take advantage of the growing demand for small cap, urban industrial assets by occupiers driven primarily due to the strength of the e-commerce and third-party logistics markets — and the impact this growth places on all traditional urban industrial businesses.
To date, the venture has acquired three properties in Gr
