Martley Capital has invested $40m (€45.9m) to acquire a portfolio of three assets for its UK regional office strategy.
The real estate firm said the assets in Newcastle, Chester and Liverpool were acquired for its MCRO Fund, and the firm is currently identifying additional target assets in regional towns and cities across the UK.
Richard Croft, chief executive of Martley Capital, said: “There are similarities to the industrial investment market in 2010, which is why the sector will be a primary focus for Martley over the next year.”
Martley Capital aims to deploy a further £200m-plus into similar assets within the sector, according to Croft.
Rory Finnan, managing director at Martley Capital, said: “The acquisitions demonstrate Martley Capital’s strong belief in the resilience and recovery of the regional office market.
“The assets were acquired at attractive entry prices and provide us with an opportunity to deliver significant value through proactive asset management.”
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