BCCIM, a joint venture between Barwood Capital and Caisson iO, has completed the acquisition of two industrial estates on behalf of the Urban Industrial Income LP (UII) for £12.7m.
The first estate is located on Mitchell Way in Portsmouth (pictured) and comprises 35,645 sq ft across two detached industrial units. BCCIM intends to enhance the sustainability performance of the units and future proof the estate.
The second estate is located on Merchant Way in Doncaster and comprises 57,943 sq ft arranged across 12 modern industrial units.
Launched in May 2021, UII is dedicated to investing in multi-let and urban industrial assets across key regional locations in the UK. The addition of the two estates bring UII’s total assets under management to nearly £80m, covering approximately 700,000 sq ft of industrial space.
Jonathon Ellerington, investment director at Barwood, said: “Mitchell Way and Merchant Way exemplify the assets we target for UII: well‑located, income‑producing estates with clear levers for sustainable value creation, aligned with our B Corp principles. Both acquisitions demonstrate our commitment to scaling the Urban Industrial Income portfolio in supply constrained markets and we are looking to deploy further into 2026.”
James Burgess, director, investment management at Caisson iO, added: “We enter 2026 with real optimism. Market conditions are creating opportunities for well capitalised, active managers and BCCIM is well positioned to take advantage. These acquisitions are a strong start to the year and set the tone for what we expect to be a busy and positive period ahead.”
CBRE acted for BCCIM and Lewis Ellis and LSH acted for the vendor.
