Metric Property Investments has created a joint venture with Universities Superannuation Scheme, the Metric Income Plus Limited Partnership.
With an initial life of five years, the £150 million (€176 million) joint venture aims to acquire small, higher yielding, income focused retail parks and solus units. The investments will have a value ranging from £2 million to £20 million.
Andrew Jones, chief executive of Metric, says this access to institutional and third party equity means it can leverage its asset management platform and increase the scale of business without tying up significant investment capital.
The Universities Superannuation Scheme is the main pension scheme provided by universities, higher education and other associated institutions for their employees.
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