Patron Capital has completed on £105m of UK regional deals.
The European investor has bought the Arlington Business Park in Theale, Berkshire, from the Arlington Business Parks Partnership for £75m and the Mint in Leeds (pictured) for £30m.
The 40-acre Arlington office campus in Theale, located close to junction 12 of the M4, is multi-let to tenants that include Wrigley, Regus, Vodafone and Wolseley.
The Arlington is a further joint venture with asset management partner APAM, with whom Patron has acquired more than 500,000 sq ft of predominantly office property in the UK over the past 12 months. The jv is targeting regional value-add commercial assets across the UK priced at more than £5m.
The Mint is a 120,000 sq ft grade A office building close to Leeds station and let to Asda and Dart Group, among other tenants. Patron and its asset management partner, Oxlo Properties, purchased the scheme from Leeds developer Deltalord.
Keith Breslauer, managing director of Patron Capital, said: “We continue to deploy significant capital in the UK, having acquired around £1bn of assets over the past two-and-a-half years. The commercial property sector remains a key focus where we will aim to invest more than £500m over the next two years.”
