Saudi asset manager SEDCO adds three properties to European portfolio
Saudi asset manager SEDCO Capital has added three properties worth £137.5m (€156m) to its European real estate investment portfolio.
SEDCO Capital said it advised on the acquisition of a 25-acre distribution site in Yorkshire for £31.8m and a 4.7-acre office complex in Bracknell, Berkshire for £35.2m.
SEDCO Capital also confirmed its purchase of an office building in the Levallois Perret office building suburb of Paris in September. The fully-let 9,800sqm multi-let office building serves as the French headquarters to Italian energy company ENI and marks SEDCO Capital’s first investment in France.
Sherif Selim, the head of global real estate at SEDCO Capital, said: “We are delighted to add these three properties to our European real estate investment portfolio. Europe is an important region for SEDCO Capital’s long-term macro investment strategy and we strongly believe in both the French and UK markets to deliver attractive yields and sustained growth.
“The acquisition in Paris exemplifies our ability to secure promising new opportunities in a highly competitive market.”