Wed, 31/10/2018 - 10:41
Investcorp has acquired a portfolio of five industrial units in Scotland for GBP11.5 million.
Located in Uddingston, Blantyre and Livingston, the fully let 200,000 sq ft portfolio is home to a number of well-known tenants across the life sciences, logistics, telecoms and packaging sectors. The industrial units are ideally located next to several key transport connections across the M8 motorway, Scotland’s busiest motorway and a hugely important asset to the country’s industrial sector.
The acquisition marks Investcorp’ s seventh industrial property investment in the UK since June 2017, following the acquisition of a 200,000 sq ft distribution warehouse near St Helens in the North West of England in the first half of 2018. It is the latest in a series of acquisitions that Investcorp has undertaken across the UK and Germany as part of its broader pan-European real estate strategy. Investcorp has invested more than GBP250 million across its portfolio of UK and European real estate assets since June 2017.
Neil Hasson, Managing Director in Investcorp’s Real Estate Investment division in Europe, says: “This acquisition is consistent with Investcorp’s strategy to acquire well-located, income-generating industrial and logistics assets based in the UK. The portfolio is well positioned to benefit from the UK’s thriving industrial market and strong supply and demand dynamics.”
“We look forward to working through our attractive pipeline of new investment opportunities in the UK.”
The investment has been made in partnership with Citivale, a UK-based asset manager. Knight Frank advised both parties on the transaction.
Jamie Fergusson, Partner at Knight Frank in Edinburgh, says: “We are pleased to have had the opportunity to advise Investcorp and Citivale on this transaction, which has highlighted the significant demand from investors for good quality industrial space in Scotland.”
Thu 12/12/2019 - 14:21
Wed 11/12/2019 - 16:04
Wed 11/12/2019 - 15:58
Wed 11/12/2019 - 15:39
Wed 11/12/2019 - 10:39
Thu 12/12/2019 - 14:27
Thu 12/12/2019 - 14:23
Thu 12/12/2019 - 14:22
Thu 12/12/2019 - 09:48
Thu 12/12/2019 - 09:42