M7 and Kamco Invest buy four more UK offices for £120m
M7 Real Estate and Kamco Invest have bought four further office buildings together for £120m across central London and other parts of the UK.
The investors have bought a portfolio comprising Enterprise House, 167-169 Westbourne Terrace, W2 (pictured), a single-let building in Paddington occupied by Network Rail on a lease with 12 years remaining; Janus House in Basildon, a headquarters building with eight years unexpired; B1 on Summer Hill Road in Birmingham, which has 100% government-backed income; and CP15 and CP25 Crossways Point, Dartford – two fully let modern HQ buildings.
The properties contain more than 290,000 sq ft of space and are fully let to occupiers including the NHS, the Ministry of Housing, Communities & Local Government, Network Rail and Mazda Motors UK.
M7 Real Estate and Kamco Invest have bought four further office buildings together for £120m across central London and other parts of the UK.
The investors have bought a portfolio comprising Enterprise House, 167-169 Westbourne Terrace, W2 (pictured), a single-let building in Paddington occupied by Network Rail on a lease with 12 years remaining; Janus House in Basildon, a headquarters building with eight years unexpired; B1 on Summer Hill Road in Birmingham, which has 100% government-backed income; and CP15 and CP25 Crossways Point, Dartford – two fully let modern HQ buildings.
The properties contain more than 290,000 sq ft of space and are fully let to occupiers including the NHS, the Ministry of Housing, Communities & Local Government, Network Rail and Mazda Motors UK.
M7, on behalf of Kamco Invest Group, has acquired a total of seven UK office assets this year. They are all long-let assets with secure income.
Mohammad Al Othman, executive director of real estate at Kamco Invest, said the company “continues to develop its real estate investment strategy by acquiring long-leased single- and multi-let grade-A office properties occupied by investment-grade tenants”.
He added: “Kamco Invest’s partnership with M7 Real Estate has proven to be mutually beneficial and further future growth is anticipated.”
David Ebbrell, chief executive of M7 Real Estate, said: “These transactions demonstrate our confidence in carefully selected office assets, and we have now assembled a sizeable portfolio of high-quality properties generating long-term income which are situated in attractive office markets.”
M7 and Kamco Invest Group were advised by Avision Young, Kimmre, Gerald Eve and Addleshaw Goddard.
To send feedback, e-mail alex.daniel@eg.co.uk or tweet @alexmdaniel or @EGPropertyNews
See which agents are doing the most office investment deals with our On-Demand Rankings >>
Photo courtesy of FTI Consulting
