Forum Partners Successfully Closes $12 Million Fund for Newlands Development Project
In a significant development for the logistics sector, Forum Partners, an acclaimed global real estate investment firm, has successfully completed its latest fundraising endeavor by securing $12 million in capital commitments. This fully subscribed fund, named Newlands Development Opportunities I, LLC, precisely aligns with the requirements of its ambitious project.
The capital will primarily be used in conjunction with Newlands Property Group, Ltd., a portfolio company of Forum Partners, to acquire a strategically located industrial site aptly named Newlands Park Nottingham Gateway. This site is situated within the United Kingdom's prominent Golden Triangle logistics corridor, which is known for its exceptional access and infrastructure.
As noted by David Keir, Chairman of Newlands Property Group, the appetite among investors to tap into the burgeoning logistics industry in the UK remains robust. He emphasized that Newlands Park Nottingham Gateway represents the first of three essential industrial developments currently in their land bank, expected to offer both development opportunities and long-term investment potential.
The site boasts direct proximity to Junction 24A of the M1 Motorway, ensuring unrivaled connectivity to the UK’s extensive road network. This advantageous location allows access to approximately 85% of the British population within a mere four-hour drive. With planning commission approval already secured, Newlands intends to develop four purpose-built structures amounting to a substantial 834,000 square feet, catering to a range of unit sizes tailored for various tenant requirements.
Newlands is recognized as a premier developer in the industrial and logistics space, renowned for its consistent delivery of high-quality projects in constrained markets. The firm's expertise lies in identifying land parcels that hold significant potential yet remain unimproved, guiding them through the intricate planning and entitlement processes to create top-tier facilities. This method ensures that each project meets the evolving needs of high-profile sectors, including logistics, transport, and e-commerce.
Since its inception in 2002, Forum Partners has strategically deployed around $7.7 billion in capital across 24 countries through over 100 investments, with a keen focus on real assets and top-tier real estate firms. The firm aims to exploit catalysts that unlock asset value, tailoring its investments for maximum impact. Currently, Forum boasts a portfolio that directly or indirectly encompasses more than $14 billion of commercial real estate, highlighting its strong presence in the market.
With the successful closure of this funding round, the prospects for Newlands Park and its upcoming developments appear promising, as the logistics sector gears up to meet increasing demand. The timely acquisition and development of such prime properties demonstrate Forum Partners’ commitment to enhancing its real estate footprint and capitalizing on the shifting dynamics within the industry's landscape.
The capital will primarily be used in conjunction with Newlands Property Group, Ltd., a portfolio company of Forum Partners, to acquire a strategically located industrial site aptly named Newlands Park Nottingham Gateway. This site is situated within the United Kingdom's prominent Golden Triangle logistics corridor, which is known for its exceptional access and infrastructure.
As noted by David Keir, Chairman of Newlands Property Group, the appetite among investors to tap into the burgeoning logistics industry in the UK remains robust. He emphasized that Newlands Park Nottingham Gateway represents the first of three essential industrial developments currently in their land bank, expected to offer both development opportunities and long-term investment potential.
The site boasts direct proximity to Junction 24A of the M1 Motorway, ensuring unrivaled connectivity to the UK’s extensive road network. This advantageous location allows access to approximately 85% of the British population within a mere four-hour drive. With planning commission approval already secured, Newlands intends to develop four purpose-built structures amounting to a substantial 834,000 square feet, catering to a range of unit sizes tailored for various tenant requirements.
Newlands is recognized as a premier developer in the industrial and logistics space, renowned for its consistent delivery of high-quality projects in constrained markets. The firm's expertise lies in identifying land parcels that hold significant potential yet remain unimproved, guiding them through the intricate planning and entitlement processes to create top-tier facilities. This method ensures that each project meets the evolving needs of high-profile sectors, including logistics, transport, and e-commerce.
Since its inception in 2002, Forum Partners has strategically deployed around $7.7 billion in capital across 24 countries through over 100 investments, with a keen focus on real assets and top-tier real estate firms. The firm aims to exploit catalysts that unlock asset value, tailoring its investments for maximum impact. Currently, Forum boasts a portfolio that directly or indirectly encompasses more than $14 billion of commercial real estate, highlighting its strong presence in the market.
With the successful closure of this funding round, the prospects for Newlands Park and its upcoming developments appear promising, as the logistics sector gears up to meet increasing demand. The timely acquisition and development of such prime properties demonstrate Forum Partners’ commitment to enhancing its real estate footprint and capitalizing on the shifting dynamics within the industry's landscape.
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