CIM Group has acquired Cathedral Square, a three-building office campus in Guildford, United Kingdom. The acquisition marks the U.S.-based company’s first transaction in Western European as part of its Value-Add Strategy in Europe.
The company’s initiative in Western Europe is led by its London-based team, which is pursuing well-located office, residential, retail and logistics properties in select metropolitan markets that have strong demographics, are well served by public transportation, and have significant knowledge-based economies, such as those underpinned by academia, scientific research, intellectual property development or technology hubs.
“With this U.K. acquisition, CIM Group is launching its value-add strategy in Western Europe utilizing our community-focused approach that is a hallmark of the company. We identified the United Kingdom as a target market to expand our commercial real estate ownership and property operations after an extensive evaluati
