The Ashtenne Industrial Fund was established in July 2001. The Fund invests in industrial properties throughout the UK. The focus of the Fund is intensive asset management, with a view to generating both a high income return and consistent capital returns.

As at 31 March 2009 the Ashtenne Industrial Fund had a gross asset value of £704.4m, comprising 359 assets totalling 18.99m sqft. The Fund is open to professional investors with over £1m to invest.

AIF completed on the formation of a new Limited Partnership with NWDA, rebranded as Space Northwest. The vehicle consists of 34 separate assets in Merseyside and Cumbria regions valued at £96.5m. After a nine month tender bid process, AIF were eventually selected as the Private Sector Partners in a limited partnership with NWDA. The portfolio extends to 2.22m sq ft of industrial and office accommodation (breaking down 70%:30% split respectively). The portfolio has an existing passing rent of £6.87m per annum, compared to an estimated rental value in the region of £11.52m per annum.