Oxenwood secures £200m investment from Catalina Holdings

Catalina Holdings has agreed to increase its investment in Oxenwood Real Estate by a further £200m. It includes the reinvestment of around £100m from the £207m sale of Oxenwood Catalina’s portfolio of UK logistics properties to Singapore’s Ascendas REIT last year and an additional £100m commitment. The increased capital wil be used to support Oxenwood’s growth. Around £125m will be allocated to Oxenwood Catalina’s joint venture and will be invested primarily in UK and European logistics real estate. The balance will be available for special situations, including potential corporate activity and co-investment capital, to assist with the company’s ambitions to grow fund and joint venture programmes. Currently Oxenwood, founded by Jeremy Bishop and Stewart Little in 2014 as a logistics real estate investor, has gross assets of £425m, which also includes its UK logistics joint venture with Alberta Investment Management Corporation. Oxenwood has also strengthened its management team, appointing Tom Boardman, the former director of real estate investment banking at Barclays, as chief financial officer and Nick Pont, formerly of Segro, to head the European logistics investment programme. Jeremy Bishop, co-founder of Oxenwood, said: “We welcome Tom and Nick to Oxenwood, adding a diversity of experience to support our growth as a real estate investment manager. “Catalina has been a steadfast partner for nearly five years since we launched in May 2014 and, in keeping with a medium-term plan set out at that time, we are delighted that it is continuing to support our ambitions to expand the business with a substantially increased commitment of capital”. Stewart Little, co-founder of Oxenwood, added: “The raising of additional capital is well timed for the firm as we continue our investment programme in continental Europe and seek opportunistic returns in the UK. “The capability to operate cross-border is becoming more relevant as supply chains globalise, which allows us to work with our customers in different markets”. To send feedback, e-mail louise.dransfield@egi.co.uk or tweet @DransfieldL or @estatesgazette Photo: Cultura_REX_Shutterstock