Edmond de Rothschild Real Estate Investment Management (REIM) has acquired three UK assets and has two further transactions in exclusivity.
The three acquisitions are located in Marlow, Stafford and Aberdeen (pictured). The Aberdeen asset is a hybrid industrial/office building on ABZ Business Park, which is let to Oceanscan, a UK based hydrographic services group. Purchased for approximately £5m, the investment provides long term income of 14 years, and an attractive income return of more than 7%.
Klaus Georg Schmitz, CIO of Edmond de Rothschild REIM, said: “The UK remains a highly attractive market for our diversified pan-European real estate strategy. The transactions secured to date demonstrate our ability to identify resilient income opportunities across regions and sectors, while remaining disciplined on asset quality, tenant strength and long-term fundamentals. With three UK acquisitions secured and further opportunities in exclusivity, we have established a strong foundation and are well positioned to continue deploying capital selectively over the next 12 months.”
Gavin Munn, head of acquisitions UK at Edmond de Rothschild REIM, said: “Our target acquisitions in the UK and Ireland are focused on income-producing assets offering an attractive risk-adjusted return profile, with a target acquisition yield of around 7% net initial yield and a weighted average lease term of more than 10 years. We are particularly focused on sectors where we see durable occupational demand and resilient income characteristics, including industrial and logistics, retail warehousing, hospitality and selected office assets.”
