Newcore Capital Management has acquired the maiden assets for its latest value-add, social infrastructure fund.
The UK social infrastructure real estate manager said it has invested 拢27m (鈧�31.4m) acquired the first four assets for Newcore Strategic Situations V LP, a fund seeking to raise 拢300m.
Newcore said it has bought three educational properties in Surbiton, Blackheath and Sidcup, all in Greater London, and a life sciences facility in Bristol.
Harry Savory, CIO of Capital Management, said: 鈥淭hese initial four investments provide excellent scope for our value-add strategy, which we believe should generate attractive returns for our investors while delivering sustainable, long-term occupational solutions to a range of existing and new operators with whom we work in our social infrastructure sectors. We are actively in the market to invest in further assets with similar strategies to these鈥�.
Newcore was advised in the transactions by Hartnell Taylor Cook, Knight Frank and Savills.
To read the latest edition of the latest 91传媒在线 magazine click here.
