Valad Europe’s diversified fund has bought three offices in the South East of England.
The fund paid a total of £15.5m in two separate deals for the offices, which comprise 62,878 sq ft in total.
The buildings are located at Wexham Springs office park, Buckinghamshire.
Two of the buildings, Gallions and Furzney, were bought from PM Mercury Holdings, a joint venture between funds managed by Mountgrange Investment Management and Patron Capital for £9.3m, reflecting a net initial yield of 8.2%.
The Rowley Building was acquired from the Clerical Medical Investment Group Limited for £6.2m, reflecting a net initial yield of 8.5%.
Knight Frank acted for Valad Europe and Capita acted for the vendors.
jack.sidders@estatesgazette.com
