The acquisition reflects a 4.8% net initial yield and a capital value of £155 psf.

Located in Dorset, Airfield Industrial Estate comprises 29,000 sq ft across six units.

BCCIM plans to rebrand the estate, improving its sustainability credentials, while working closely with existing occupiers to enhance its long-term value. 

Launched in May 2021, UII is dedicated to investing in multi-let and urban industrial assets across the UK.

The addition of Airfield Industrial Estate brings UII’s total assets under management to nearly £60m.

The property was purchased from a private seller.

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James Burgess, director of investment management at Caisson iO, commented: "We are delighted to secure another high-quality asset for UII.

“With a sound tenant profile and a robust local occupational market, we look forward to delivering our business plan swiftly."

Jonathon Ellerington, investment director at Barwood, said: “The acquisition of Airfield Industrial Estate is an excellent addition to UII, aligning well with our overall fund strategy as we continue to expand the portfolio.

“We remain committed to the sector and seek further opportunities owing to the favourable sector-specific market dynamics.”

LSH and Penningtons Manches Cooper advised BCCIM, while JLL and Cripps advised the seller.