CBRE Investors has bought assets in London, Manchester and Surrey for £36.3m.
It paid £12.85m for LaSalle Asset Management’s 35,760 sq ft Way Retail park in Byfleet (pictured) and £11m for 26,840 sq ft offices at 77 Queen Victoria Street, EC4.
In Manchester, CBREI paid Grant Thornton £5.6m for 23,313 sq ft at 28-32 St Ann Street, while PRUPIM sold industrial estate Ashburton Park for £6.8m.
The four purchases, on behalf of a segregated account, bring the total invested for the fund to £165m in the past 18 months.
Gary Moore, fund manager, said: “We are in the process of creating a portfolio of direct and indirect investments for our client, and these four assets fit well with the strategy of building a balanced portfolio by property type and geography.”
LaSalle was advised by Wilkinson Williams, PRUPIM acted for itself, Savills represented Grant Thornton. CBREI was represented by Jones Lang LaSalle, Beltane Asset Management, Jackson Criss and KYT Properties, respectively.
joanna.bourke@estatesgazette.com
