Schroders completes £31m portfolio purchase from NorthStar

Schroders Delta House Glasgow

Schroders’ Regional Office Property Unit Trust (ROPUT) has completed the acquisition of a portfolio of three UK assets from NorthStar Realty Europe.

New York-listed NorthStar Realty Europe, which is currently considering a potential sale of the business, has sold assets in Chiswick, St Albans and Glasgow to ROPUT for a combined £31m, a net initial yield of 6.5%.

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