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 2007 the Fund had a gross asset value of £1.27bn, comprising 396 assets totalling 22.38m sqft ( 2.08m sq m ). 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 40 separate assets in Merseyside and Cumbria regions valued at £136.75m. 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 2.56m sq ft of industrial and office accommodation (breaking down 70%:30% split respectively). The portfolio has an existing passing rent of £6.49m per annum, compared to an estimated rental value in the region of £12.05m per annum.