UK manager Newcore Capital has sold two industrial open storage assets in Greater London for a total of £22 million (€26.3 million).
Newcore sold an 11.45-acre asset in Ickenham for £10 million and an 8-acre asset in Harefield for £12 million on behalf of its fourth value-add fund Newcore Strategic Situations IV (NSS IV).
The investment manager, specialising in social infrastructure real estate, said the assets were acquired in 2021 in separate transactions.
Source: realassets.ipe.com on the 29th of May