Forum Partners Closes $12M Opportunities Fund to Invest in UK
Forum Partners has fully subscribed its Newlands Development Opportunities I, LLC with $12 million in total commitments.
The Palm Beach, FL-based global real estate investment and asset management firm, along with its portfolio company, Newlands Property Group, Ltd., plans to use the proceeds to acquire Newlands Park Nottingham Gateway, an entitled industrial development site in the U.K.’s Golden Triangle logistics corridor. The site has received planning commission approval for the construction of four buildings totaling 834,000 square feet, offering a range of unit sizes.
“Newlands Park Nottingham Gateway is the first of three prime industrial and logistics projects in our landbank that we expect will provide both development and long-term hold investment opportunities,” said David Keir, chairman of Newlands Property Group.”
Since its inception in 2002, Forum has deployed roughly $7.7 billion across 24 countries and more than 100 investments. Over $14 billion in commercial real estate is owned or managed globally by Forum’s operational companies and affiliates, either directly or indirectly.
