Invesco Real Estate Buys Two Assets for UK Fund
Invesco Real Estate has acquired two assets for the Invesco Real Estate UK III Fund for a total consideration of £48 million (€56 million).
“The acquisitions have been made for our third tactical UK fund investing German-speaking institutional investors’ capital into the UK real estate markets,” says Toby Simon, Invesco Real Estate’s director of fund management.
Invesco Real Estate acquired The Paragon, a 7,000-square-metre office property in Bristol that was sold by Cubex Land and Palmer Capital for approximately £26.5 million (€31 million). Tenants of the BREEAM-certified Excellent building include Thring Townsend, Ernst & Young, Mercer, Tesco and Friska.