An East Midlands-based warehouse and industrial developer has signed a £250 million joint venture funding agreement to give it the capital for big future developments.
Tungsten Properties, based in Grove Park, Leicester, has struck the deal with London-based international investment firm BC Partners.
The JV will have £250 million to target single and multi-let industrial opportunities across the UK – from last-mile to big box logistics warehouses – valued at more than £25 million. Tungsten will act as asset and development manager for the joint venture.
