BCCIM, a joint venture between UK based real estate investment and development specialist, Barwood Capital, and specialist institutional investor, Caisson iO, has successfully completed its ninth and tenth acquisitions on behalf of the Urban Industrial Income LP (UII) for a total of £12.7m.
Both assets are located within established commercial hubs, offering strong income profiles alongside opportunities for value enhancement through targeted capital expenditure.
The news comes as a report by Savills reveals an ongoing trend of movement of capital away from single-let assets toward multi-let industrial (MLI). At the same time, a report by Newmark has found sustained occupier demand across manufacturing, logistics and national trade counters.
Launched in May 2021, UII is dedicated to investing in multi-let and urban industrial assets across key regional locations in the UK. The addition of the two estates bring UII’s total assets under management (AUM) to nearly £80 million, covering approximately 700,000 sq ft of industrial space.
The first estate is located on Mitchell Way in Portsmouth, comprising 35,645 sq ft across two detached industrial units. Portsmouth is a major commercial centre on the south coast and part of the economically strong South East region, located 70 miles south‑west of London and 19 miles east of Southampton. BCCIM plans to deploy capex targeting EPC improvements to enhance sustainability performance and future‑proof the estate.
The second estate is located on Merchant Way in Doncaster, comprising 57,943 sq ft arranged across 12 modern industrial units. Doncaster is a key industrial, logistics and commercial centre in South Yorkshire, positioned 33 miles south of Leeds and 23 miles north‑west of Sheffield, benefiting from excellent regional connectivity. BCCIM will invest in rebranding, modernisation, external redecoration, and new estate signage to further strengthen tenant appeal and asset performance.
Jonathon Ellerington, Investment Director at Barwood, commented:
“Mitchell Way and Merchant Way exemplify the assets we target for UII: well‑located, income‑producing estates with clear levers for sustainable value creation, aligned with our B Corp principles. Both acquisitions demonstrate our commitment to scaling the Urban Industrial Income portfolio in supply constrained markets and we are looking to deploy further into 2026.”
James Burgess, Director, Investment Management at Caisson iO commented:
“We enter 2026 with real optimism. Market conditions are creating opportunities for well capitalised, active managers, and BCCIM is well positioned to take advantage. These acquisitions are a strong start to the year and set the tone for what we expect to be a busy and positive period ahead.”
CBRE acted for BCCIM, whilst Lewis Ellis and LSH acted for the vendor.
