GPT Halverton has bought three retail properties in Germany for its retail real estate fund, GRP.
It set up the fund to focus on high yielding German retail assets.
It paid €10.5m (£8.4m) for the properties, which are in the Bavaria region.
The main tenants at the 30,000 sq ft property in Augsburg- Königsbrunn are drugstore retailer DM-Drogerie and fashion store AWG.
The 52,000 sq ft property in Dinkelsbühl, 90 km from Nuremburg, is let to nine tenants including a Penny supermarket.
The final property is 16,000 sq ft and is located in Kemnath, 100 km from Nuremburg. It is let to Edeka.