Catalyst Capital, the European real estate investment and asset management firm, has acquired a portfolio of properties in the UK for £38.25 mln (approx. €53.5 mln).
In an off-market purchase Catalyst purchased 18 properties at a net initial yield of 10%. The properties are a mix of multi-let offices, retail parades, industrial units and land. They are located in a number of locations throughout the UK, including Woking, Bristol, Manchester, Guernsey, Southport, Hull and Godalming.
Guy Wilson, a partner of Catalyst Capital, said: “A significant part of the portfolio comprises multi-let properties, which provide us with the opportunity to add value through leasing vacant space and carrying out other asset management initiatives. We continue to look for similar purchases in UK and Europe”.
Source: Catalyst Capital