Catalyst Capital has acquired a UK property portfolio from a private vendor for £38.2m.
The firm bought 18 properties at a net initial yield of 10% in an off-market purchase.
The portfolio includes multi-let offices, retail parades, industrial units and land located in Woking, Bristol, Manchester, Guernsey, Southport, Hull and Godalming.
Guy Wilson, partner at Catalyst Capital, said: “A significant part of the portfolio comprises multi-let properties, which provide us with the opportunity to add value through leasing vacant space and carrying out other asset management initiatives.
“We continue to look for similar purchases in the UK and Europe”.
Savills acted for Catalyst. The vendor was unrepresented.
