Malaysian EPF Buys UK Logistics
RREEF, the real estate investment business of Deutsche Asset Management, has acquired a UK logistics property for £80 million (€91 million) from European Property Investors Special Opportunities LP (EPISO), an opportunistic property fund co-advised by AEW Europe and Tristan Capital Partners. The property was purchased on behalf of Malaysia’s Employees Provident Fund (EPF).
The property, which serves as a distribution centre for Sainsbury’s Supermarkets Ltd, is located in Dartford and comprises 62,534 square metres. The logistics centre was built in 2007 by Prologis and is let to Sains