Deals and Transactions

Metric Property Investments, the UK specialist REIT, has conditionally exchanged on its acquisition of the former Royal Mail building on Berkhamsted High Street for a total investment of GBP7.55 million. Metric will use its existing resources to finance the purchase. »

Raven Russia Limited, has, through its wholly owned subsidiary, Padastro Holdings Limited, entered into a conditional agreement with PLP Holding GmbH to acquire Closed Joint Stock Company “Toros”, the owner of Pushkino Logistics Park (pictured), a Class A logistics complex of approximately 213,000 sq m located to the north east of Moscow, for a cash consideration of USD215 million. »

Metric Income Plus Limited Partnership (MIPP), the GBP150 million joint venture between Metric Property Investments and Universities Superannuation Scheme (USS), has acquired Longwell Green, Bristol for a total consideration of GBP7.8 million, from Cordatus Partners on behalf of the receivers to Castlemore Securities. »

Orchard Street Investment Management has completed the acquisition of 6-10 St Andrew Street, EC4 from Prestbury for GBP23.5 million, reflecting a net initial yield of 5.27%. The acquisition was made on behalf of St James’s Place property funds. »