Arcapita Group Holdings has unveiled plans to create a $100m diversified portfolio of income-generating, multi-let industrial buildings located across the UK, with a focus on energy efficiency upgrades.
Arcapita’s ARC UK Industrial Portfolio will target properties with shorter term leases and staggered maturities. The firm intends to acquire a portfolio of existing assets with the potential to improve their energy efficiency, which in turn will drive occupancy and rental growth.
Arcapita is partnering with BCP Capital to manage the day-to-day operational aspects of the portfolio.
Martin Tan, Arcapita’s chief investment officer, said: “We are excited about the prospects of this investment, which builds on our $7bn global industrial and logistics real estate track record. We look forward to working closely with BCP Capital to build a sizeable portfolio, and aim for this to be seen, in the years to come, as a blueprint for socially-conscious and pragmatic investment in real estate.”
Michael Riccomini, director, European real estate at Arcapita, added: “This represents a cyclical opportunity to buy into resilient industrial properties in markets with attractive supply-demand fundamentals. With occupier and investor expectations for sustainability continuing to rise, our investment will deliver affordable space to meet underserved structural demand.”
John Kehoe, BCP Capital’s chief executive, said: “We are excited to collaborate with Arcapita on this investment and believe this partnership creates significant value for our key stakeholders: tenants, clients, and investors. Arcapita’s global reach and track record give them a unique perspective, making them an ideal partner. This investment also represents a significant step in BCP’s growth, and we look forward to making this partnership a true success.”
