Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager announced the launch of their third Special Situations Fund (the “Fund”) which will invest in commercial property opportunities across the UK. Singapore's sovereign wealth fund GIC Private Limited (“GIC”) is a principal investor of the fund.
The Fund, which builds on the success of the previous two funds, will have an initial €168.2m (£150m) investment capacity and will look to acquire assets across the UK, which will benefit from Orchard Street’s active management skills and broad visibility of deal flow.
Philip Gadsden, Managing Partner at Orchard Street, said: “For an investor of the scale and reputation of GIC to have selected Orchard Street a third time to launch a Fund is a strong endorsement of the strength of our working relationship. We are confident the fund will attract high-quality assets with stable income streams.”
