Castleforge Partners has acquired four UK sites for a £175m (€192m) office development.
The London-based private equity real estate investment firm said it has bought Yorkshire House in Leeds, Linley House in Manchester, Broadwalk House in Exeter, and Mountbatten House in Southampton.
Castleforge said the investment comes as the company looks to expand its foothold in the UK’s secondary cities which the firm has identified as having great potential to grow as national and regional business hubs.
Brandon Hollihan, founding partner of Castleforge Partners, said: “Select secondary cities in the UK are continuing to grow as business hubs for young professionals and exciting start-ups. We are thrilled to be contributing to these vibrant professional communities in every corner of the country.
“Moving forward, for many companies flexibility is going to be key when it comes to office space leases. Through our flexible workspace provider Clockwise, we are very well positioned to offer this type of bespoke service to our members.”
To read the digital edition of the latest IPE Real Assets magazine click here.
No comments yet