Barkby has formed a joint venture with US real estate private equity manager Meadow Partners to create a £250m portfolio of roadside real estate assets.
Barkby will lead on buying, developing and managing assets and, having agreed the joint venture’s funding with Meadow Partners, it will now set about building the portfolio.
For individual assets the joint venture’s minimum lot size is £2m and there is no upper limit. The joint venture will also consider portfolio acquisition opportunities.
Simon Jones, property director at Barkby Group, said: “We have built an attractive pipeline of opportunities, which will enable us to rapidly deploy the JV’s funds as we work towards building a £250m portfolio of roadside assets comprising investments, development sites and forward funding opportunities.
“We’re focused on prominent sites fronting major roads that will enable us to create the right local mix of drive thru, ‘foodvenience’, local logistics and trade counter tenants. The ability to provide ultra-fast EV charging facilities on sites is essential.”
