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
