TPG Real Estate Partners launches 4i Platform

TPG Real Estate Partners (TREP)has launched 4th Industrial (4i), a new venture to invest in U.K. industrial real estate.

4i already has acquired 1.13 million square feet of urban multitenant industrial real estate in strategic locations in the North West, South East, West Midlands and Yorkshire. The portfolio — which consists of 125 units across seven sites and is to be leased to 89 tenants, including DHL, Encon Insulation, SIG and Softbox — was acquired in four separate transactions. In addition, 4i has entered into agreements with Network Space to develop a further 176,000 square feet of multitenant property across two sites in the North West.

The properties in the initial portfolio include Alpha Business Park in Birmingham, Ashroyds Business Park in Barnsley, Crendon Industrial Estate in Thame, Faraday Park in Swindon, Melford Court in Warrington, Moorbrook Park in Didcot and Tunstall in Stoke-on-Trent. The development sites are at Estuary Prime and Brookfield