- Newcore acquired two petrol filling stations with EV charging potential in Crouch End and Streatham
- It also acquired its first mortuary in Surrey
- The firm is based in London
Newcore Capital, via Newcore Special Situations V (NSS V), has acquired seven assets across Greater London and neighbouring commuter towns for a gross purchase price of around £25 million (€29.3 million; $32.45 million).
Newcore has acquired four assets in Greater London which include children’s nurseries in Whitton and Clapham.
The firm also acquired two petrol filling stations with electrical vehicle (EV) charging potential in Crouch End and Streatham, and acquired its first mortuary in Surrey.
This announcement follows the final close for NSS V in May, with Newcore securing £190 million in equity commitments.
“Brexit, covid-19 and the Ukraine war have all led to a focus on resilience – finding investments that will be immune to macro-economic shocks and technological disruption – and we can think of nothing more resilient than assets that enable the provision of basic, essential services to society,” said Hugo Llewelyn, Newcore Capital CEO.
Newcore Capital is a real estate investment manager, focusing on social infrastructure assets essential to UK society. The firm is based in London.