Orchard Street Investment Management has acquired a multi-let industrial estate in southeast England in the first deal for its €466 million inaugural impact fund. The Orchard Street Social and Environmental Impact Partnership has purchased Euroway Trade Park, a multi-let industrial estate in Aylesford, for an undisclosed sum. Five of the seven units have lease expiries within 12 months.
The firm intends to undertake low embodied carbon refurbishments, install solar PV panels and EV charging hubs, electrify all units across the estate, and upgrade the EPCs to A and A+ ratings from the current C to E ratings.
The acquisition follows the first close of the impact fund in November last year, with cornerstone investment from Brunel Pension Partnership, one of the UK’s Local Government Pension Scheme Pools.
Source: propertyeu.info on the 29th of august 2023