Barwood and Caisson iO take on Airfield Industrial Estate in Dorset

BCCIM, a joint venture between investors Barwood Capital and Caisson iO, has completed its seventh acquisition – Airfield Industrial Estate in Christchurch, Dorset – for £4.5 million.

The estate comprises six units spanning a total of 29,000 sq ft.

BCCIM plans to rebrand the estate while working closely with its existing occupiers, including Howdens and General All Purpose Plastics.

Barwood and Caisson iO will look to review the site’s sustainability credentials and conduct a refurbishment of the single vacant unit to attract a new tenant.

The acquisition brings the total assets under management by the joint venture to nearly £60 million, covering around 580,000 sq ft of industrial space.

James Burgess, director, investment management at Caisson iO, said: “We’re delighted to secure another high-quality asset for UII.

“Christchurch is an excellent industrial location on the South Coast, benefiting from strong transport links and proximity to Bournemouth and Poole.

“With a sound tenant profile and a robust local occupational market, we look forward to delivering our business plan swiftly.”

 Jonathon Ellerington, investment director at Barwood, added: “The acquisition of Airfield Industrial Estate is an excellent addition to UII, aligning well with our overall fund strategy as we continue to expand the portfolio.

“We remain committed to the sector and seek further opportunities owing to the favourable sector specific market dynamics.”

The property was purchased from a private seller. LSH and Penningtons Manches Cooper advised BCCIM, while JLL and Cripps advised the seller.