Harbert purchases UK distribution centres

Affiliates of Harbert European Real Estate Fund II, L.P. and Harbert European Real Estate Fund II (Parallel), L.P. have acquired five modern
distribution facilities from Prologis European Properties for £64.4 mln (EUR 75.5 mln).

The facilities total 80,000 m² of high specification distribution space and were built by Prologis between 2001 and 2007. They are all fully occupied with a weighted average remaining lease term of approximately 12 years. Three of the buildings are in Hemel Hempstead one in Thurrock and one in Northampton.

Harbert Management Corporation is an alternative asset investment management firm that manages twelve different investment strategies. The European real estate investment team has offices in London, Luxembourg, Amsterdam, Paris and Madrid.

Harbert Management Corporation was advised by CBRE.