TPG Angelo Gordon and Blomfield Partners have secured a financing facility with capacity of up to £100 million ($134 million) from Leumi U.K. to support Concreit, their U.K. industrial outdoor storage platform.
Concreit focuses on acquiring and stabilizing industrial outdoor storage sites across core U.K. logistics and multimodal locations. The platform has been actively assembled and managed, progressing a pipeline of planned acquisitions while also making selective dispositions of 12 of its 35 U.K. sites during the past six months as part of a disciplined approach to portfolio management and capital recycling.
TPG Angelo Gordon also has expanded its industrial outdoor storage activity into continental Europe. In the Netherlands, the firm is partnering with DCM Investment Group and has acquired four industrial outdoor storage sites to date. In Germany, TPG Angelo Gordon has acquired its first industrial outdoor storage site and is entering the market with Blomfield P
