Hunter Real Estate Investment Managers has raised an additional £44m (€49.3m) equity for its UK retail assets fund, following revised financing and the sale of one of the fund’s Edinburgh assets.
Launched in 2015, the Hunter UK Retail Unit Trust was seeded with initial £64m of equity investment from key investor Aviva Real Estate Multi Manager. The fund focuses on investing in under-utilised retail assets situated in thriving town centres across the UK.
Hunter said it has now drawn all initial equity in the fund following multiple rounds of acquisitions across the UK over the past two years.
Hunter said it has raised new capital through a revised financing worth £30m and has also sold 29/31 Frederick Street Edinburgh for £7.25m to a private investor.
The new capital will be used to further expand the fund’s portfolio in the coming year.
Mark Hunter, managing director of Hunter Real Estate Investment Managers, said: “The revised financing of our UK Retail Unit Trust will allow us to build on the fantastic momentum we have achieved over the last two years and continue to deliver exceptional returns for our investors.
“Drawing on our investment expertise, we believe that the high street offers superb opportunities in particular pockets around the UK and our selective ‘deal by deal’ approach will ensure we continue to source the best assets for the fund. We look forward to announcing further deals over the next year.”