The 25 industrial estates plus two development sites were acquired from Network Space. : InfraRed Capital Partners has bought a £93m UK industrial portfolio for its latest European real estate fund. The manager’s £522m (€588m) InfraRed Active Fund IV fund has acquired a 1m square feet portfolio of 25 industrial estates plus two development sites with additional 0.2m square feet of space from Network Space. InfraRed said it has acquired the portfolio to implement a value-add strategy.