The Ardent Companies U.K., the acquisitive subsidiary of The Ardent Cos., a U.S.-based real estate investment and asset management firm, has completed its inaugural U.K. investment to acquire two national logistics portfolios plus two other off-market assets, revealing its plan to establish a geographically balanced logistics portfolio.
The assets were purchased from pan-European investor and asset manager M7 Real Estate for £55.18 million (€64 million/$76.85 million), and M7 will continue as asset management partners for the portfolio.
The cash deal includes the acquisition of the 353,213-square-foot Aggregator portfolio, with assets in seven locations across Scotland and England; the 942,323-square-foot Monument portfolio, with assets in three locations in Scotland and England; as well as two additional off-market deals with M7 for separate assets in Lancaster and Milton Keynes, England. The total size of the acquisition is 1.4 million square feet, with tenants in
