Orchard Street announced that they will be launching a new £250 million (approx. €303.7 million) investment programme in partnership with a Middle Eastern Investor to acquire UK commercial real estate.
The programme, which is expected to deploy the capital over 12-24 months, will aim to acquire assets which have the potential to generate a net income return in excess of 6% per annum over the longer term. By carefully stock picking assets from across the UK, the programme intends to target assets with strong real estate fundamentals that will benefit from asset management initiatives.
Philip Gadsden, Managing Partner of Orchard Street said: “We are thrilled to have been chosen by this Investor to assist them with the UK aspect of their wider investment programme.
“In 2013 we witnessed a marked improvement in business sentiment in the UK real estate market. Whilst the launch of this programme is demonstrative of the enduring appeal of the UK commercial property market for international investors, we expect to be extremely active this year on behalf of all our clients. We anticipate the growing trend of allocations to the sector to continue and we would hope to match or exceed the £750 million we transacted in 2013.”
Source: Orchard Street