UK Logistics Fund
Leftfield Fund III
Industrial, Logistics, Last-Mile Distribution United Kingdom
Investment alongside leading executive team in UK Industrial & Logistics sector
Leftfield has proven outstanding due diligence experience and market leading management capabilities to add and extract value from its acquisitions. It has also shown its expertise in realising gains by selling to investors Seeking income-producing, high-quality assets.
Investors in Leftfield fund III will have the option to exit the investment in October-2026 or continue their Investment with Leftfield.
Leftfield’s management team are invested side-by-side on equal terms with all investors – (typically holding c. 25% of Investor equity).
UK Logistics Fund
15 October 2022
Subscription End Date
30 September 2023
Next Liquidity Option
Full redemption option at next Liquidity Event in Oct-2026
Capital to Raise
Target return 10% p.a. (Historically 22.1% annualised return achieved)
1 per share
Leftfield is a boutique, private equity Real Estate Fund Manager that specialises in UK Logistics and Industrial Property investments. Its London-based investment team is uniquely skilled and highly experienced in the market and in the sector, identifying and unlocking investment opportunities. The team is co-invested into the fund on the same terms, conditions and cost.
Leftfield recently sold part of Leftfield Fund II to GIC / Kennedy Wilson for £228 million which is at a record 3% yield. Leftfield has returned an average of 22.1% per annum net to investors since Fund I was incorporated in 2015.
Leftfield Fund III has been seeded with £42m of assets, with significant unrealised upside potential from value-add actions that have already been initiated. Investors coming in now are benefiting from these unrealised value increases once the fund is re-valued.
The Strategy will build on Leftfield’s deep industry relationships to build a best-in-class portfolio of UK Industrial & Logistics assets through on and off-market acquisitions and forward-fund developments, growing the portfolio value through active asset management and outstanding due diligence. Leftfield’s management team are invested side-by-side on equal terms with all investors holding c. 25% of Investor equity, whilst being incentivised through outperformance rather than through traditional fees.
An example of one of these seed assets would be:
Recently acquired Leftfield Park, Walsall, West Midlands (above) – a 110,000sqst industrial warehouse located in Walsall, Birmingham (completion in Q1, 2023).
Other assets include:
- Caledonian Park, Wishaw
- Development site in Corby, Northamptonshire (completion in Q3, 2023)