Edmond de Rothschild Real Estate Investment Management has secured three new acquisitions and placed a further two transactions under exclusivity, as it targets the deployment of an additional £100m (€86.1m) over the next 12 months in the UK.
The manager’s diversified pan-European real estate strategy has added properties in Marlow and Stafford to its portfolio, and has also recently invested £5m to buy a modern hybrid industrial and office asset at ABZ Business Park in Aberdeen.
Klaus Georg Schmitz, CIO of Edmond de Rothschild REIM, said: “The UK remains a highly attractive market for our diversified pan-European real estate strategy. The transactions secured to date demonstrate our ability to identify resilient income opportunities across regions and sectors, while remaining disciplined on asset quality, tenant strength and long-term fundamentals.
“With three UK acquisitions secured and further opportunities in exclusivity, we have established a strong foundation and are well positioned to continue deploying capital selectively over the next 12 months.”
Gavin Munn, head of acquisitions UK at Edmond de Rothschild REIM, said: “Our target acquisitions in the UK and Ireland are focused on income-producing assets offering an attractive risk-adjusted return profile, with a target acquisition yield of around 7% net initial yield and a weighted average lease term of more than 10 years.
“We are particularly focused on sectors where we see durable occupational demand and resilient income characteristics, including industrial and logistics, retail warehousing, hospitality and selected office assets.”
To read the latest IPE Real Assets magazine click here.
