Cording Real Estate buys UK mixed-use portfolio for £38.4m
Cording Real Estate Group has acquired a portfolio of mixed-use assets in the UK for £38.4m (€43.8m) from a private family trust.
The Northern European real estate investor said the portfolio is mixed use with a 70% weighting towards industrial, with the remainder being office and retail, in 15 locations.
The assets, which total 408,060sqft, are located predominantly in the south-east.
Mark Millar, the head of UK and investment at Cording, said: “This portfolio continues a strategy to buy well-located light industrial properties with a bias towards the south-east.
They currently deliver a strong income return with asset management potential to improve this in the short-to-medium term.
“As a vertically-integrated business, we are able to manage granular portfolios, such as this one, with a high proportion of industrial space, very efficiently.”