Newcore Capital Management acquires educational assets
London-based social infrastructure real estate investment manager Newcore Capital Management has acquired seven educational assets valued at £20 million for Newcore Strategic Situations V LP, its new £300 million social infrastructure fund, Property Magazine International has reported.
The assets are located in London and the Southeast and include five early years education properties leased to its operating partners: Family First in Guildford, Marlow and Finchampstead, Banana Moon in Tunbridge Wells and Fennies in Gerrards Cross; as well as two special educational needs schools: a primary school leased to Outcomes First Group in Guildford and a school in Walton-on Thames.
Newcore’s chief investment officer Harry Savory said: “These seven investments provide good opportunities for our value-adds strategy and for extending relationships with excellent operators of educational businesses. We are actively in the market to invest in further assets in the social infrastructure sector.”