CBRE Global Investors has acquired an industrial asset in southern England on behalf of a separate account client.
The investment manager bought Unit A warehouse in Tongwell Street, Milton Keynes for an undisclosed sum.
Built in 1999, the distribution warehouse is fully let.
The warehouse is 103,644sqft and includes 8,977sqft of office space.
Chris Tucker, a fund manager at CBRE Global Investors, said: “Unit A, Tongwell Street fits perfectly with our investment strategy of diversifying into new sectors and by location but with a retained focus towards London and the South East.
“The property’s characteristics are strong and so the letting prospects are extremely positive going forward.”