Greenridge, a real estate investor focused on regional markets in the UK, has completed the acquisition of the European headquarters of US multinational conglomerate 3M in the English town Bracknell for £77 mln (€97 mln).
The office building provides 16,000 m2 of space in the Amen Corner Business Park and is let to technology giant 3M. The vendor was UK property company Aprirose.
Bik Bhuptani, director at London-based Greenridge, said: 'The fact that we exchanged contracts on this acquisition within nine working days of agreeing the deal is a great testament to our internal and external professional teams. Having acquired some £230 mln of stock since September 2015, we are targeting another £750 mln of acquisitions in the next 18 months.'
Savills represented Aprirose. Knight Frank acted for the buyer.
