Cording Real Estate Group has acquired a portfolio of 15 UK assets for £38.4m.
The price paid to a private investor for the mixed-use asset reflects a net initial yield of 7.68%.
The portfolio has a 70% weighting towards industrial, with the remainder being office and retail.
The 408,060 sq ft of properties are located predominantly in the South East, in Basingstoke, Brighton, Chislehurst, East Grinstead, Weybridge, Brentwood, Bedford, Westcliff-on-Sea, Bromley, Beaconsfield, central London, Farnborough, Chelmsford and Northampton.
Mark Millar, head of UK and investment at Cording, said: “This portfolio continues a strategy to buy well-located light industrial properties with a bias towards the South East.
“They currently deliver a strong income return with asset management potential to improve this in the short-to-medium term.
“As a vertically integrated business, we are able to manage granular portfolios, such as this one, with a high proportion of industrial space very efficiently.”
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