West Coast Capital launches venture property fund

Tom Hunter, the Scottish entrepreneur, has formed a £200m alliance with the retail warehousing group Grantchester

Tom Hunter who set up his new private equity fund, West Coast Capital, with his own money from the sale of his sporting goods retail chain has launched a new venture property fund.

The new fund is a joint venture with Granchester, the retail warehousing group. Grantchester already have a portfolio of developments in the retail warehouse sector working with blue chip retailers and Nick Hewson, their Executive Chairman, said the new fund would be used to redevelop its existing 30 parks.