Newcore capital management has acquired GBP 9 million (US$ 11.23 million) assets in south England to accommodate its new fund, Newcore Strategic Situations IV. The fund is GBP 100 million (US$ 124.89 million) value-add fund for institutional and family office investors.

Newcore has made three investments in Croydon, Winchester and Brixton, south London, in its target sectors of social infrastructure, storage and accommodation. The largest of the three acquisitions is the purchase of a 19,069 sq ft Mazda car showroom set on a prime one-acre site in Imperial Way, South Croydon. The property is leased to Drift Bridge Garage Ltd for a further 5.6 years.

In Winchester, Newcore has acquired a 1.31-acre site at Otterbourne, which is cleared and has received planning consent for a care home development. Newcore is working with its current occupier base to design the right scheme for future development and occupation.

In Brixton, Newcore has acquired a former adult day centre for individuals with learning difficulties on Tulse Hill and subsequently leased the two vacant buildings, totaling 7,686 sq ft, to N Family Club, a children's nursery operator on a 25-year lease.