Irongate has joined the wave of fund managers funnelling capital into the booming industrial property sector, but with a twist: it will focus on buying properties that none of its bigger competitors seem to want.

The former ASX-listed group, which relaunched in April following a management buyout of its platform from Charter Hall, has secured seed funding from its Johannesburg-listed backer Burstone Group (formerly the Investec Property Fund) for its new industrial property fund.