Greater Manchester Pension Fund (GMPF) has added a 272,000sqft industrial estate in the East Midlands of England to its real estate portfolio.
Schroders Capital’s real estate arm, acting on behalf the £29.4bn (€34.9bn) UK local government pension scheme, has acquired Brackmills Central Industrial Estate in Northampton from M&G Real Estate for £35m.
The 31-unit property on a 19-acre site has the potential to benefit from a significant number of lease events in the coming three years, Schroders Capital said.
Schroders Capital said it intends to carry out a refurbishment programme to “decarbonise and modernise the asset in keeping…
