M&G buys £50m of office and industrial assets for new fund

Charter court m&g

M&G Real Estate has acquired two office buildings in the south east as well as an industrial portfolio on behalf of the M&G UK Enhanced Value Fund.

The £50m purchases are the first acquisitions for the fund, which completed its initial close in February.

The two office blocks are Charter Court in Slough, a 45,750 sq ft office asset close to the town centre that was acquired for £13m; and Radius House in Watford, a 41,250 sq ft near Watford Junction station, bought for £15m.

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