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

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%.

This content is only available to registered users

You must be logged in to continue

Would you like to read more?

Register for free to finish this article

Registration includes the following benefits:

Access up to four FREE articles per month
Breaking news, comment and analysis from industry experts as it happens
Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.

Registered users and subscribers SIGN IN here to continue