A UK office investment partnership between Kamco Invest and M7 Real Estate has invested a further £120m (€141m) to buy four buildings.

The companies said they have acquired Enterprise House, in Paddington, London; Janus House in Basildon; B1 on Summerhill Road in Birmingham; and CP 15 & 25 Crossways Point in Dartford. The acquisitions were made in four separate transactions.

The properties, which comprise a total of over 290,000sqft, are fully let.

So far this year, M7 on behalf of Kamco Invest has acquired a total of seven UK offices in line with their strategy of investing in ”long let office buildings in attractive locations with existing investment-grade tenants”.

Mohammad Al Othman, executive director of real estate at Kamco Invest, said: “We are motivated by these acquisitions, which are in line with our strategy to grow Kamco Invest’s real estate platform by continuing to invest in institutional-quality, prime and regional UK office assets.

“Each of the properties is occupied by creditworthy tenants, each providing a secure, long-term income stream to our investors.

David Ebbrell, CEO of M7 Real Estate, said: “We are really pleased to continue our partnership with Kamco Invest Group with the acquisition of a further four office properties.

“These transactions demonstrate our confidence in carefully selected office assets and we have now assembled a sizeable portfolio of high-quality properties generating long term income which are situated in attractive office markets. We look forward to managing these assets and adding to the portfolio with suitable assets going forward.”

To read the digital edition of the latest IPE Real Assets magazine click here. 

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