London-based Newcore Capital Management, a real estate investment manager, has made three acquisitions in the south of England for its new fund, Newcore Strategic Situations IV LP.
With a total investment of 10 million euros ($11.2 million), Newcore Capital bought a 19,069 square feet Mazda car showroom located on a prime one-acre site in Imperial Way, South Croydon.
Additionally, in Winchester, Newcore purchased a 1.31-acre site at Otterbourne, which is cleared and has received planning consent for a care home development.
More so, Newcore also acquired a former adult day centre on Tulse Hill, Brixton and then leased the two vacant buildings, totalling 7,686 square feet, to N Family Club, a children's nursery operator, on a 25-year lease.