Kamco Invest Group and M7 Real Estate (“M7”), the pan-European investor and asset manager, have completed the acquisition of a further four office buildings via four separate transactions in central London and key regional locations across the UK for a combined value of over £120 million.
The portfolio comprises Enterprise House, a single let building in Paddington, London which is occupied by Network Rail on a lease with 12 years remaining; Janus House in Basildon, an HQ building with eight years unexpired; B1 on Summerhill Road, Birmingham, which benefits from 100% government-backed income; and CP 15 & 25 Crossways Point, Dartford, comprising two fully let modern HQ buildings.
The properties, which comprise a total of over 290,000 sq ft, are fully let to occupiers with strong credit ratings on long leases, including the NHS, Secretary of State for Housing, Communities & Local Government, Network Rail and Mazda Motors UK.
M7 on behalf of Kamco Invest Group have acquired a total of seven UK offices assets this year in line with their strategy of investing in long let office buildings in attractive locations with existing investment-grade tenants, to provide secure risk adjusted returns with a focus on long-term income streams.
Pic : Enterprise House
Source : M7