Specialist manager
& operator

investment Approach

Led by our specialist and thematic investment approach

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Our thematic approach to real estate investing has led to a current focus on sheds, beds and meds; pan-European industrial & logistics, UK living and UK life sciences.

We invest via direct equity and owner-operator platform creation.  

01
Pan-European
Industrial & Logistics

The rise of on-demand customer expectations and e-commerce growth has fuelled significant demand growth from all types of underlying users (3PLs, retailers, manufacturers) across all industrial spectrums, including light industrial and logistics assets.

02
UK Life Science

The UK’s 10-year strategy to become a global biosciences leader is driving investment funding from corporates, government (via grants), and VCs, fuelling occupier demand in the Golden Triangle and emerging life science locations across the UK.

03
UK Living

There is a growing demand for beds across all residential tenures, from affordable housing to extended stay, catering to diverse needs ranging from lower cost to premium respectively.

credentials

Shows in the results

* At Q3 2024. Past performance is not an indicator of future results

2013

Founded

67

Number of Investments

31%

Realised Gross Levered IRR

1.6x

Realised Gross Equity Multiple

+65%

Realised Investments Weighted by
Acquisition Price

£1.2B

Asset Value Invested / Created

* At Q3 2024. Past performance is not an indicator of future results

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Direct Real Estate

Pazifik 61, Wilhelmshaven

Gross Devt. Cost
Gross Devt. Value
NIA (Sq Ft)

Pazifik 61 is a highly specified, modern logistics facility located within the Jade-Weser-Port, Germany's only deep-sea container port. The property comprises 47,106 sqm of built space, including a 6,450 sqm dry loading bay, with 48 loading docks on a 95,612 sqm site. Benefitting from strong connectivity via the A29 motorway, it provides excellent links to Bremen (1.5 hours) and Hamburg (2.5 hours), positioning it as a strategic distribution hub.

The facility, built-to-suit in 2019 to a high specification, is leased to Volkswagen AG. With its prime location and flexibility for various occupiers, the property is well-positioned to meet the growing demand for high-quality logistics space.

Direct Real Estate

Evolution, Salford

Gross Devt. Cost
Gross Devt. Value
NIA (Sq Ft)

Evolution, located at Agecroft Commerce Park in Salford, is a prime data centre development five miles from Manchester city centre and two miles from Junction 15 of the M60 motorway. Acquired in 2017, the project involved the development of two self-contained units, totalling 200,000 sq ft.

Upon completion of the development the scheme was sold to data centre operator, Equinix, and it now serves the Greater Manchester region.

Direct Real Estate

Erdington Industrial Park, Birmingham

Gross Devt. Cost
Gross Devt. Value
NIA (Sq Ft)

Erdington Industrial Park is a multi-let industrial estate in Birmingham, offering over 317,000 sq ft of warehouse space. Located near the A452 and A38, it provides direct access to the M6 motorway and Birmingham city centre. The estate was originally acquired with 217,000 sq ft of built space, and Vengrove has since developed an additional 100,000 sq ft across two institutional quality mid-box units.

Surrounded by major industrial operators such as DHL, Amazon, and Jaguar Land Rover, the estate is considered to be a prime location within the Birmingham market. With the additional units now complete, Erdington Industrial Park is well-positioned to meet the growing demand for industrial and logistics space in the region, offering flexibility for a varied range of tenants.

Direct Real Estate

Norwich Research Park, Norwich

Gross Devt. Cost
Gross Devt. Value
NIA (Sq Ft)

Norwich Research Park hosts a community of more than 30,000 members. Underpinning this thriving ecosystem are the Earlham Institute, John Innes Centre, Quadram Institute Bioscience and The Sainsbury Laboratory, four of the UK's most prestigious bioscience research institutes. Also on campus is the University of East Anglia and the Norfolk and Norwich University Hospital, a teaching hospital undertaking high value research that seeks to improve patient care and outcomes worldwide.

The first phase of development will begin in 2025, delivering state-of-the-art laboratory facilities to support cutting-edge research. With scope to build up to 800,000 sq ft of new space, the Park is primed for significant expansion to meet the growing demands across the key markets of Agribiotech, Food biotech, Industrial biotech and MedTech.

Operating Companies

Karma Kitchen

Gross Devt. Cost
Gross Devt. Value
NIA (Sq Ft)

Karma Kitchen is a leading commercial kitchen operator in the UK, transforming industrial spaces into kitchens tailored for restaurants and other food businesses.

Supported by Vengrove through a minority stake investment, Karma Kitchen empowers food businesses with flexible, fully equipped kitchen spaces, enabling them to scale without the constraints of traditional restaurant infrastructure. By offering adaptable kitchen solutions and removing the operational burden, Karma Kitchen has become a trusted partner to both emerging and established food businesses. Today, Karma Kitchen operates six sites across the UK, with three additional locations set to open soon.

Operating Companies

Hyperion Housing

Gross Devt. Cost
Gross Devt. Value
NIA (Sq Ft)

Hyperion Housing, incubated by Vengrove and governed by an independent board, is seeking registration as a for-profit Registered Provider, focusing on Affordable Rent and Shared Ownership properties in the Southeast and London. With our sights set on owning 3,000 homes within two years, Hyperion Housing is committed to setting a new standard for UK housing investment.

The company’s commitment to regenerative investment goes beyond housing. Hyperion aims to have an impact that can empower entire communities to improve their lives through targeted community engagement programs, funding local regeneration projects and donating to local businesses and charities.

Operating Companies

Point Y

Gross Devt. Cost
Gross Devt. Value
NIA (Sq Ft)

Point Y is an industrial asset and property management platform specialising in providing and managing industrial, logistics, and warehouse space. Point Y partners with businesses ranging from local SMEs to multinational operators, ensuring they have the space needed to succeed.

Point Y undertakes all aspects of asset and property management to provide a complete service to tenants within its portfolio including rent collection, service charge administration, facilities management, leasing and lease renewals. By managing assets in house rather than outsourcing services, Point Y can offer creative lease solutions to occupiers, facilitate quick transactions and build lasting tenant relationships that maximise value on behalf of investors.

Operating Companies

Beyond

Gross Devt. Cost
Gross Devt. Value
NIA (Sq Ft)

Beyond is a sustainable serviced apartment and aparthotel group. Vengrove launched the business in partnership with an experienced hospitality entrepreneur with experience in the aparthotel sector. Beyond offers luxury, eco-conscious accommodation which currently operates three sites, with a further three under contract across the UK.

Beyond’s apartments are carbon negative, zero waste, and chemical-free, utilising innovative cleaning methods like electrolysed water and salt solutions, and ozone cleaning for linens. Every product used, from toiletries to cleaning supplies, is biodegradable or reusable. Beyond ensures cleaner air, low toxicity, and provides 'Sustainable Wellness' solutions for its guests, powered by 100% renewable
energy.

portfolio

Select investments

Direct Real Estate
Operating Companies
Erdington Industrial Park, Birmingham
UK Industrial & Logistics

Erdington Industrial Park, Birmingham

Erdington Industrial Park is a last mile industrial estate in Birmingham. The estate was originally acquired with 217,000 sq ft of space and Vengrove has since developed an additional 100,000 sq ft across two institutional quality mid-box units.

View more
Norwich Research Park, Norwich
UK Life Science

Norwich Research Park, Norwich

Spanning 230 hectares, Norwich Research Park is a strategic partnership with AIP, enhancing one of Europe’s largest single site life science communities, with plans to develop up to 800,000 sq ft of new research facilities.

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Pazifik 61, Wilhelmshaven
Germany Industrial & Logistics

Pazifik 61, Wilhelmshaven

Pazifik 61 is a distribution unit located on the Jade-Weser-Port in Wilhemshaven which is the only deep-sea container port in Germany. The property is leased to Volkswagen AG to handle and distribute parts internationally.

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Evolution, Salford
UK Data Centres

Evolution, Salford

Evolution is a prime data centre development, located in Salford, part of the Manchester conurbation and spans two units totalling 200,000 sq ft.

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UK EXTENDED STAY

Beyond

Beyond is a sustainability-focused serviced apartment and aparthotel operator, offering eco-conscious, carbon-negative, zero-waste accommodation across the UK.

UK Industrial & Logistics

Point Y

Point Y is an occupier focused provider of industrial, logistics and warehouse space across the UK.

UK Affordable Housing

Hyperion Housing

Hyperion Housing is a community led housing company investing in affordable housing as well as in the surrounding local communities.

UK Dark Kitchens

Karma Kitchen

Karma Kitchen is a leading UK dark kitchen operator, transforming industrial spaces into fully equipped delivery, production, and private kitchens for food businesses.

our esg commitment

We are investing in

Property

Implementing environmental initiatives across our portfolio to support efficient, sustainable, healthy and future-proofed asset. Not only to reduce the environmental impact of construction and real estate, but also to help restore that which has been lost.

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Community

Creating positive social impact through the built environments we develop and fostering collaboration with local communities, stakeholders, and supply chains to deliver tangible social outreach on the ground.

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Accountability

Upholding the highest standards of corporate governance to ensure transparency, accountability and ethical conduct across our real estate portfolio and investment decisions.

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Responsible Business

Promoting sustainability & social wellbeing across the business and its operations by capturing aspects of ESG throughout our corporate policies and activities.

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Property

Implementing environmental initiatives across our portfolio to support efficient, sustainable, healthy and future-proofed assets. Not only to reduce the environmental impact of construction and real estate, but also to help restore that which has been lost.

• ESG Enhancement Fund integrated within all new investment appraisals, ringfencing funds to further our ESG offer beyond statutory requirements

• Incorporate the highest possible environmental standards & green certifications

• Maximise efficiency and minimise waste, whether energy, water, materials or labour

• Enhance sustainable performance incorporating the circular economy, biodiversity and green infrastructure measures including delivering onsite renewables

• Work with Occupiers to commit to environmental sustainability at asset-level

Community

Creating positive social impact through the built environment we develop and local communities, stakeholders and supply chain we work with to deliver social outreach on the ground.

• Contribute to local economic development by supporting local employment and procurement

• Promote inclusive regeneration by supporting social value initiatives beyond the site boundaries

• Maximise charitable impacts by targeting local issues and key demographics

• Set longer term objectives and establish social partnerships that can evolve over time alongside local needs

Accountability

Upholding the highest standards of corporate governance to ensure transparency, accountability and ethical conduct across our real estate portfolio and investment decisions

• ESG policies supported by a robust structure of processes and principles

• Implementation of vigorous risk management to identify, assess and mitigate ESG risks

• Incorporation of stakeholder engagement and feedback into our decision-making processes and lessons learned

• Continuous monitoring of our objectives and methodology via annual reporting and public benchmarking

Responsible Business

Promoting sustainability social wellbeing across the business and its operations by capturing aspects of ESG throughout our corporate policies and activities.

• A comprehensive Code of Conduct outlines our commitment to ethical behaviour, anti-corruption measures and compliance

• Promotion of a diverse and inclusive workforce through progressive policies and inclusive hiring practices

• Corporate Social Responsibility programme with volunteering opportunities for all team members, fundraising matching, charity leave and educational outreach

• Positive environmental initiatives aiding our journey to net zero

our esg objectives

ESG Statistics

VIEW ESG POLICY

Net Zero 2035

Corporate operation target

BREEAM ‘Excellent’

Target across new development

EPC A

Target across new development

INREV

Member

GRESB

Participant

UN PRI

Signatory