Aver Property, the €345 million ($390 million) value-added U.K. property investment joint venture of Ergo Real Estate and NFU Mutual, has acquired a U.K. logistics facility at Magna Park, Lutterworth, for €45 million ($51 million).
The asset totals 464,824 square feet and is jointly leased to Renault UK and Nissan until June 2028.
It is the joint venture’s seventh property.
The Aver Property joint venture was launched in 2019 by Martin Jepson, the former president and COO of Brookfield Property Partners, and Christopher Cope, the former founding partner of Grafton Advisors.
