By Richard Williams2018-09-07T00:00:00
Manager buys two warehouse estates and is set to acquire three more as 14 investors back second UK fund.
The investment manager’s Paloma Real Estate Fund II (Paloma Fund II) has exchanged contracts to acquire two multi-let warehouse estates in Wakefield and Chester.
It is also in exclusive negotiations to purchase two further warehouse estates and a portfolio of three single-let warehouses.
The combined price of all five deals would total £40m, representing a yield of 8.2%.
You must be logged in to continue
Register for free to finish this article.
Sign up now for the following benefits:
To access this article REGISTER NOW
Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.