BMO Real Estate Partners sells three UK properties for GBP 53.2m

BMO Real Estate Partners sells three UK properties for GBP 53.2m

Published at: 2018-10-24 11:23 | Author: CIJEurope.com
BMO Real Estate Partners sold three UK properties for GBP 53.2m. The assets were sold on behalf of a segregated mandate client. The deals included a 240,600 sq ft industrial unit in Bridgwater, a 90,000 sqm data center in Bristol and St Marks Court, a 145,000 sqm office building in Horsham. The Bridgwater property, which also includes a 9,100 sq ft vehicle maintenance unit, was sold to sub-tenant EDF Energy for GBP 16.3m. The Bristol data center, situated on a 3.4-acre plot at the Aztec West business park for GBP 8.8m. The property is currently fully leased to Capgemini UK Plc. St Marks Court, meanwhile, sold for GBP 28.2m. The building is leased to RSA Insurance.

“These strategic disposals follow a review of the portfolio where we believed it was an opportune time for us to realize the value created from each of these mature assets. We will be redeploying the capital into new income and growth assets where we see attractive long-term prospects to continue generating value on behalf of our client,” said Matthew Howard, director of property funds at BMO Real Estate Partners.

Similar Stories:

Global investors looking beyond Berlin for alternative investments
In 2018, Europe secured $81 billion in foreign capital investment from investors outside t  »
Aroundtown acquires 11.8% stake in Globalworth
Aroundtown SA has acquired an 11.8-percent stake in Globalworth. The price of the deal was  »
DIC Asset offloads 6% share in TLG for €32.9m
In a deal worth €32.9m, DIC Asset, whose CEO is Sonja Wärntges, sold 6 percent of its T  »
Asian property investors hunting for Czech real estate
East Asian investors spent €50m on real estate in the Czech Republic last year, accordin  »
And it’s not just shift workers to man the machines and assembly lines and to stack good   »
Czech Republic  ♦  It‘s Prague 4 vs. The World
Prague 4 appears to have done away with formalities and diplomatic language and made it cl   »
This reflected economic and political reality, as the country is being pulled in differing   »
In Brno, Messe Düsseldorf, the German majority shareholder in Veletrhy Brno, has even hal   »