Oxenwood Real Estate has raised £20m from Forum Partners’ FERI IV fund for equity investments.
Oxenwood is looking to diversify its business using the investment and an additional £5m from its founders Jeremy Bishop, Stewart Little and Raymond Mould, seeking equity investments in central London, residential developments and logistics centres.
The company has also announced the purchase of the Bibby distribution centre at Stratton business park, Biggleswade, bought for £13.69m as part of a joint venture with Catalina Holdings.
The initial yield is 6.85% and the property is let until 2022 to Bibby Logistics on a fixed uplift rental to July 2017.
The deal takes the jv’s investments to over £50m, with another £25m debt facility secured from RBS for further purchases.
