UK real estate investor Protego Real Estate Investors has acquired a portfolio of five industrial distribution assets and a logistic centre from private investors. The acquisition, carried out via the joint venture with Challenger Financial Services, is valued EUR 55 mln. The deal reflects a net initial yield of 6.58%

UK real estate investor Protego Real Estate Investors has acquired a portfolio of five industrial distribution assets and a logistic centre from private investors. The acquisition, carried out via the joint venture with Challenger Financial Services, is valued EUR 55 mln. The deal reflects a net initial yield of 6.58%

The portfolio involves four assets located in the Paris region and two wholly-let properties in Southern France. Real estate consultant King Sturge advised Protego and Challenger on this transaction.

Protego also acquired a 55,000 m2 logistic park in Hungary on behalf of Challenger for EUR 48 mln. The net initial yield comes to 8.30%.