An affiliate of Lone Star Real Estate Fund VII, managed byLone Star Funds, has completed the acquisition of a multi-asset real estate portfolio from St. James’s Place (SJP) and its Property Unit Trust and Life and Pensions Trust. SJP was advised by Invesco Real Estate on the sale of the portfolio.
The portfolio comprises 16 high-quality assets across the United Kingdom, including multi-let industrial (MLI), retail and office properties. The largest component is the MLI portfolio, which consists of 10 separate property assets predominantly located in Greater London and Southeast England, and offering access to major transportation and industrial hubs — making them highly attractive for last-mile delivery and regional distribution. The office properties are all situated in London, while the retail assets consist of high-quality retail warehouses with strong tenant bases.
Lone Star will implement an active asset management strategy, investing behind these properties
