April 14, 2020
Moorgarth Group is to launch a new £100 million real estate fund to support community based retail and leisure projects across the UK.
The fund, which is backed by a number of Moorgarth’s existing investment partners, will look to buy assets, and partner with companies and local authorities who own real estate assets with values of £5 million and upwards. The assets must offer essential services to the community and have the benefit of being within urban areas, not necessarily city or town centres, with the benefit of a food and convenience anchor and good parking.
Alternative asset classes would also be considered where it is considered they offer services to the community, logistics, healthcare, garden centres, roadside uses and tourism.
Tim Vaughan, Chief Executive of Moorgarth Group said: “Our experiences within our existing portfolio of the importance of community engagement, and the successes that have come from that have demonstrated, if the assets are managed sympathetically and energetically they can assist with a much wider community support and regeneration objective.”