Industrial Property Investment Fund

Name

Industrial Property Investment Fund

Legal name

Industrial Property Investment Fund (IPIF)

Website

https://ipif.com

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

51–100 employees

Short description

Industrial Property Investment Fund (IPIF) is a UK Limited Partnership launched in 1997 that invests in and leases multi-let industrial estates and trade parks, serving approximately 2,500 tenants nationwide with a portfolio of 2,000+ units across 100+ estates.

Ownership category

akta.pro rank

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Commercial property rental income: IPIF generates revenue through rental income from leasing industrial units, warehouses, workshops, trade counter spaces, and studios on short, flexible leases across its UK-wide portfolio. Properties are let to businesses seeking flexible terms, with rents paid quarterly in advance plus service charges, business rates, and insurance.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Industrial Property Investment Fund (IPIF) is a UK Limited Partnership that invests in and leases more than 2,000 industrial units, warehouses, workshops, trade counter spaces, and studios across 100+ business estates nationwide. The fund provides flexible, short-term commercial leases to businesses, with rent paid quarterly in advance plus service charges, business rates, and insurance. IPIF Trade, a sub-brand, manages 70 dedicated trade parks within the portfolio.

Product overview

IPIF operates as a unified property investment and leasing platform managed by Legal & General Investment Management and asset managed by JLL. The core offering comprises the Industrial Property Investment Fund (IPIF), a UK Limited Partnership launched in 1997, which invests in multi-let industrial estates across the UK with a focus on the South East of England. IPIF Trade represents a specialized sub-brand managing 70 trade parks within the portfolio. The product suite encompasses over 2,000 industrial units nationwide across more than 100 business estates, offering flexible short-term leases on warehouses, workshops, offices, studios, and trade counter spaces. The platform targets businesses looking to rent commercial properties with competitive and flexible lease terms.

Differentiator

Problem solved

Functional benefit

Products and services

• Industrial Units Leasing
• IPIF Trade (Trade Counter Properties)
• Flexible Lease Programme

Named customers21 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• JLLcoreImplementation/ SI/ Consulting PartnerJLL (Jones Lang LaSalle) provides dedicated asset management services for IPIF, managing the day-to-day leasing, property management, and strategic marketing of the fund's portfolio. JLL's industrial team handles tenant introductions, lease negotiations, and property viewings on behalf of IPIF across the UK.
• AXAminorOthersAXA insures all IPIF estates. The fund pays the insurance premium for the whole estate and recharges individual tenants for the insurance cost of each unit. AXA conducts annual insurance surveys to verify tenant use of premises.
• Non-retained commercial property agentscoreChannel Partner/ Reseller/ DistributorIPIF works with a network of non-retained commercial property agents across the UK who introduce prospective tenants to IPIF properties. Agents receive introductory fees of 5% of one year's average rent upon successful completion of a letting. Conditions apply including minimum lease terms and formal registration requirements.

Scale indicators5 records

Recent moves5 records

Expansion highlights3 records

Direct peers

• Picton Property Income: UK diversified property company with significant industrial and logistics exposure. Comparable as a multi-let institutional landlord targeting income-driven returns.
• Regional REIT: UK-listed REIT focused on regional office property with some industrial assets. Partially comparable as a UK regional property landlord, though primary asset class (offices) differs.
• Hansteen Holdings: European (UK-heavy) multi-let industrial property investor. Comparable in asset class and multi-let model, although historically continental European exposure has differentiated it from pure UK investors.
• SEGRO plc: FTSE 100 UK-listed REIT and one of the largest owners, managers and developers of industrial and logistics property in the UK and Europe. Closely comparable in asset class (industrial/logistics) and tenant base, though skewed toward big-box rather than multi-let.
• Tritax Big Box REIT: UK-listed REIT investing in large-scale logistics warehouses. Comparable as a UK institutional industrial property landlord, although focused on big-box rather than IPIF's multi-let, small/medium-unit model.
• LondonMetric Property plc: FTSE 250 UK REIT with a diversified portfolio including a meaningful multi-let industrial and logistics sleeve. Comparable business model (institutional landlord, multi-let exposure) and similar South East England weighting.
• Warehouse REIT: UK-listed REIT focused on multi-let urban and last-mile industrial warehouses. Closely comparable in tenant profile (SME and trade occupiers) and lease structure (multi-let, flexible terms).
• Stenprop: UK-focused multi-let industrial property investor that has fully transitioned its portfolio to MLI. Highly comparable in asset class, tenant base and small/mid-unit focus.

Broad incumbents

• LXi REIT: UK-listed REIT focused on long-income, inflation-linked commercial property. Adjacent comparable as a UK institutional landlord, though skewed toward triple-net rather than multi-let short-lease structures.
• Legal & General Property: The Real Assets division of LGIM that directly manages IPIF and a broader UK/EU property book. Comparable as the institutional platform behind IPIF and as a larger peer investing in UK multi-let and logistics assets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/IPIFsheds
• LinkedInlinkedin.com/company/industrial-property-investment-fund

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds1 record

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Industrial Property Investment Fund