Barwood’s Fifth Growth Fund reaches £41m within three months and acquires its first asset in Bristol

The latest Fund in Barwood Capital’s Growth Fund series, Barwood Regional Property Growth Fund V LP, has raised over £41m in just three months, signalling continued confidence in the commercial property market, with previous Barwood investors having contributed to over 90% of the total equity raised to date.

Barwood has also completed the acquisition of the Fund’s first asset, a 1.96-acre freehold site occupying a prominent position on Aztec West, Bristol’s premier out of town business park. The plan is to demolish two obsolete office buildings and speculatively develop a 38,136 sq ft single hi-tech industrial unit with a strong sustainability focus, to capture the exceptional occupational and investor demand in this location.

Hugh Elrington, Managing Director at Barwood Capital, comments “With Growth Fund V, we continue to follow the same investment strategy as in previous Growth Funds in the series. That is, to invest in underperforming, undermanaged or obsolete real estate throughout the UK regional markets, which have the potential to deliver strong and sustainable growth through planning, development and proactive asset management. We focus on opportunities where there is the ability to repurpose, regenerate and reposition assets or sites across office, industrial, retail warehousing, later living and science/tech clusters.

He adds “Despite the current economic climate, we continue to see evidence of strong investor appetite for the risk profile of our Growth Funds. It’s an indicator of confidence in our investment strategy, and Growth Fund V has become an increasingly attractive proposition for investors as we see more opportunities for re-priced assets.

“GFV remains open for investment and further closes will follow over the next 9-12 months.”