Legal & General, on behalf of its LGIM Real Assets managed fund, has inked five deals totalling GBP150 million (EUR177 million) across the UK, in a range of asset classes.
The mixed portfolio, including properties in the office, retail, leisure and industrial sectors, totals some 600,000 ft2 (55,750 m2). The acqusitions bring the total value of the fund to over GBP3 billion, and come off the back of increased flows into the fund.
The purchase of 20,821 ft2 of offices at 45 Folgate Street in Spitalfields for £26.8 mln marks LGIM Real Assets’ return to buying prime properties in central London with excellent ESG credentials.
Following an extensive refurbishment in 2017, the building benefits from an EPC rating of B, renewable energy resources and over 1,200 ft2 of outside amenities. The property is situated in a prime location where the City meets Shoreditch and Spitalfields.
Source: properyeu.info on the 7th of February
(https://propertyeu.info/Nieuws/L-G-s-managed-fund-invests-177m-in-mixed-UK-portfolio/cab00d27-9b70-4ebd-93de-93344a69d2be)