Newcore Strategic Situations IV is committing an initial £10m to build UK assets. : Newcore Capital Management has moved into the self-storage sector through a partnership with Engage Management Services. The alternative real estate investment manager’s Newcore Strategic Situations IV value-add fund is committing an initial £10m (€11.7m) to build a portfolio of freehold self-storage assets in the UK. Using debt and recycling cash, Newcore said it expects to invest £25m in the sector over the next 18 months, which would equate to around five assets.