LATEST PROPERTY FUNDS NEWS
IWG has been quietly building up a fund to acquire flexible offices for its Regus and Spaces brands.
Cording Real Estate Group has launched a £400m private rented sector focused residential investment fund on behalf of European investors.
Schroders’ Multi-let Industrial Property Unit Trust has bought the Aerodrome Way Industrial Estate, located north-east of Heathrow Airport, for £17.45m from DTZ Investors.
Aviva Investors has acquired a pre-let 490,000 sq ft industrial scheme at Prospero Ansty for £73.4m for its Lime Property Fund.
Cheyne Capital has closed its fifth real estate fund, Cheyne Real Estate Credit (CRECH) Fund V – Opportunistic, at its £600m hard cap.
AEW UK Core Property Fund has sold two office assets in Uxbridge and Luton for £13.45m reflecting an initial net yield of 6.7% and 4.0% respectively.
Fund manager to sell four bank branches and three offices offering strong covenants and long-term income.