Barwood Capital has acquired a two-acre freehold industrial and logistics site in Bracknell from Kennedy Wilson for an undisclosed price.
Barwood is committing £11m to the project from its discretionary property Growth Fund V and intends to deliver a best-in-class 37,120 sq ft unit on the site, which is located off Longshot Lane, two miles from Bracknell town centre.
Jonny Ellerington, investment director at 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 Fieldfisher.
