CBRE Global Investors buys 4 UK assets for EUR 43m

CBRE Global Investors has purchased four assets in the UK on behalf of a segregated account for £36 mln (EUR 43 mln).

The acquisitions include the Wey Retail Park retail warehouse in Byfleet for £13 mln. The property totalling 35,760 sq ft (3,320 m2) is let to four major retailers including Comet Group and Pets at Home with an average unexpired term of over 11 years. The vendor was LaSalle Asset Management.

In London, the investment manager bought 77 Queen Victoria Street for £11 mln. The property comprises 26,841 sq ft of office and ancillary accommodation and was acquired vacant. In Manchester, CBRE Global Investors purchased the Ashburton Park multi-let industrial estate from Prupim for £7 mln and 28-32 St Ann Street for £6 mln. The vendor was Grant Thornton.

Gary Moore, fund manager said: 'We are in the process of creating a portfolio of direct and indirect investments for our client and these four assets fit well with the strategy of building a balanced portfolio by property type and geography.'

The company has an active 18 months buying for the fund with these four acquisitions bringing the total invested to £165 mln, he added.