Paloma lines up five deals as second fund raises £80m

Paloma Fund Banbury

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%.

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