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- November 1, 2011: Vol. 5, Number 10

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Invesco Real Estate Buys Two Assets for UK Fund

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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.

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