UK social infrastructure real estate manager Newcore Capital has sold an industrial open storage (IOS) asset for £22 million (€25.3 million).
In 2018, Newcore acquired the 20-acre site in Longcross, Surrey, for £6.4m. It then invested £8.8 million to develop a 7-acre storage compound for Facilities By ADF, a vehicle hire company that services the TV and film industries.
Newcore has now sold the entire site, which also includes a 6-acre anaerobic digester leased to Severn Trent Green Power, on behalf of its Newcore Strategic Situations IV (NSS IV) fund for £22.1 million.
Source: realassets.ipe.com on the 2 September 2025
https://realassets.ipe.com/news/newcore-sells-uk-industrial-open-storage-assets-for-22m/10132422.article