Oxford Properties Group has acquired a portfolio of seven U.K. logistics assets from M&G UK Property LP for £202.5 million (€242.8 million/$266.8 million).
The opportunity was sourced and secured through its portfolio company, M7 Real Estate (M7), which Oxford acquired in September 2021 to help accelerate its ambitions to build a European logistics portfolio of scale. In the first six months of Oxford’s strategic ownership, it has deployed over £1 billion (€1.2 billion/$1.3 billion) of capital through the M7 platform.
The acquired high-quality, modern logistics assets include three single-let and four multi-let assets, comprising approximately 764,000 square feet of space. The properties are spread across three of the most established U.K. logistics markets, with five of the assets located in London and the Southeast and the remaining two in Birmingham.
The portfolio is 98-percent occupied, offering attractive secured income return with exposure to a
