Kamco Invest, M7 partnership invests £120m to buy four offices

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.”

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