Hansteen Holdings has sold a UK unit property trust to Brockton Capital for £192.1m (€266.4m).
The investment manager said it sold its UK Industrial Property Unit Trust II to a Brockton fund and Dunedin Property.
The fund, which holds a portfolio of multi-let industrial properties in the UK, was backed at launch in 2013 with £107m of equity commitments from Hansteen and clients of Aviva Investors.
The fund holds 76 assets in England, Wales and Scotland with a combined floor area of 3.54m sq ft and with a void rate of 11%.
Passing annual rent from the portfolio is £14.3m.
James Havery, UK director at Hansteen, said a “sustained period of further investment and asset management has led to the accelerated exit of the vehicle”.