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 30 September 2011 the Ashtenne Industrial Fund had a gross asset value of £583m, comprising 312 assets totalling 16.0m sq ft. The Fund is open to professional investors with over £1m to invest.

AIF entered into a Limited Partnership in 2007 with NWDA, and rebranded as Space Northwest. The vehicle has 28 separate assets in Merseyside and Cumbria regions valued at £74.1m. AIF are Private Sector Partners in a limited partnership with NWDA. The portfolio extends to 1.8m sq ft of industrial and office accommodation (breaking down 70%:30% split respectively). The portfolio has an existing passing rent of £4.0m per annum, compared to an estimated rental value of £9.9m per annum.