The real estate investment arm of Quilvest Capital Partners has acquired a multi-let industrial estate in Loughborough, UK for an undisclosed sum.
QCP Real Estate, working with operating partner Arax Properties, has bought Falcon Works, a 53-acre property located in Midlands. The Falcon Works property also offers development potential.
Quilvest said the deal is in line with QCP Real Estate’s expanding strategic focus on the industrial and logistics sector and strengthens the firm’s track-record investing in UK multi-let industrial projects.
Patrick Laroche, principal at Quilvest Capital Partners, said: “We are delighted to have completed this acquisition which maintains QCP Real Estate’s strong legacy investing in multi-let industrial assets globally.
“This is a highly attractive property, due to its favourable location and good accessibility, with significant scope for value add through development and commercial initiatives.
”This transaction is aligned with our strategic commitment to this segment, where we have significant UK experience via previous investments.”
To read the latest edition of the latest IPE Real Assets magazine click here.