Crosstree and Bloom formed a £200m joint venture.

Crosstree, a property investment company in London, and Bloom, an investment manager repurposing under-utilised properties into urban warehouses, formed a £200m joint venture. The joint venture has been created to invest in underinvested assets in supply-constrained submarkets that can be enhanced to grade A quality with enhanced sustainability credentials. The geographical focus will initially be in London and the south east, but will likely expand to regional cities that have similarly attractive supply-demand dynamics.