In 2012, Brockton began a contra-cyclical investment programme into high-yielding industrial, in a joint venture with Dunedin Property. By 2016, the portfolio comprised around 200 estates totalling over 13 million sq ft.
The assets are characterised by good locations close to major motorway networks, a wide variety of unit sizes and a flexible approach to leasing.
Manufacturing, storage, logistics, trade counters, business services, maintenance depots, micro-breweries, gyms, food processing and the auto supply chain, are amongst the portfolio occupants.
From ‘A-Z’, Brockton was a (high yield) shed head.
In 2017, the majority of the £840m total exit proceeds came via a sale to Blackstone’s pan-European Industrial roll-up strategy.