Barwood Capital, has acquired a prime two-acre freehold industrial and logistics site in Bracknell to deliver as 37, 120 sq ft unit.
The UK based real estate investment and development specialist is committing £11m to the project from its Growth Fund V, a discretionary property growth fund, to develop the site off Longshot Lane.
The vendor of the site was Kennedy Wilson.
Jonny Ellerington, investment director for Barwood Capital, said: “The acquisition of this site is an excellent addition to Growth Fund V, aligning well with our strategy and complementing the existing assets within the portfolio.
“It also comes at a critical time for the region, serving an area that is experiencing a clear market imbalance through the delivery of a well-located, sustainable industrial development.”
Barwood Capital was advised by Cushman and Wakefield and Forsters. Kennedy Wilson was advised by DTRE and Field Fisher.
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