Rugby Asset Management has been appointed as property manager to acquire and manage suitable properties for LIP. It will aim to acquire £100 million ($160 million) of industrial properties within the M25 area over the next two years, with a particular focus on single units, estates and portfolios in lot sizes of over £4 million ($6 million).
Andrew Wilson, Rugby Estates' Chief Executive, said: "The formation of LIP underlines our commitment to co-invest alongside strong partners in a structure where we can use our tactical property skills and asset management ability to manufacture future value."
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