Catalyst acquires mixed UK portfolio at 10% yield

Catalyst Capita has acquired a portfolio of 18 properties in the UK. The investment volume in the off-market transaction of £38 mln (€53 mln) reflects a net initial yield of 10%.

The properties are a mix of multi-let offices, retail parades, industrial units and land. They are located in a number of locations throughout the UK, including Woking, Bristol, Manchester, Guernsey, Southport, Hull and Godalming.

Savills acted for Catalyst in the transaction.

Guy Wilson, a partner of Catalyst Capital, said: “A significant part of the portfolio comprises multi-let properties, which provide us with the opportunity to add value through leasing vacant space and carrying out other asset management initiatives. We continue to look for similar purchases in UK and Europe.'

Headquartered in London with offices in Frankfurt, Paris and Warsaw, Catalyst Capital is a European investment and asset management company. Established in 1996, Catalyst Capital structures, purchases, develops and manages a significant portfolio of retail and office real estate in Europe. Since its inception, Catalyst Capital has invested more than €5.2 bn in 55 real estate transactions in nine countries and has approximately €1.3 bn of assets under management.