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Kamco Invest Group and M7 aggregate €72m portfolio of regional U.K. offices
Transactions - FEBRUARY 17, 2021

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Kamco Invest Group and M7 aggregate €72m portfolio of regional U.K. offices

by Released

Kamco Invest Group and M7 Real Estate (M7) have completed the acquisition of three office buildings in three separate transactions across primary regional U.K. cities for £62.5 million (€71.89 million/$86.54 million). The transactions are supported by Aviva Investors, which  has provided a newly originated senior debt facility toward the purchase of the office assets.

The transactions are structured and distributed as a single transaction. The portfolio comprises three high-specification office properties in three major submarkets (Maidenhead, Cardiff and Bristol). The properties, which extend over a total of 214,000 square feet, are fully occupied by a number of investment-grade tenants, including SAP, Atradius and TSB, with an average unexpired lease term of 6.5 years. The investments will target a high-single-digit annual cash dividend.

“These properties are all located in markets that are experiencing a shortage of class A office supply and are well placed to

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