Cadena has paired up with investment manager Hobart Partners to invest £150m in value-add retail assets.
The pair will work closely to identify and invest in opportunities in which asset management, reconfiguration or development will add value to the investment.
Each lot size will be between £15m and £25m and cover retail, leisure and industrial/distribution assets as well as some development opportunities.
The investments will be spread across the South East and Midlands.
Sas Bhadra, a founding partner of Hobart Partners, said: “Both businesses share the same investment philosophy and have complementary skillsets, which together can generate opportunistic returns for our investors. Cadena brings in deep sector understanding and the founding partners of Hobart have breadth of global experience in private equity and portfolio management.”
