Moorgarth Group is set to launch a real estate restructuring fund to buy £100m of properties, focusing on community-based retail and leisure projects in the UK.
The fund, backed by some of Moorgarth’s existing investment partners, will aim to either buy real estate or partner with companies and local authorities owning properties, on properties valued at £5m and upwards.
These must offer essential services to the community and be located in urban areas – not necessarily city or town centres – with a food and convenience anchor and parking.
Alternative asset classes would also be considered if they offer community services, logistics, healthcare, garden centres, roadside uses or 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.”
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