DTZ Investors has announced it has completed, or put under offer, more than £300m of transactions over the first four months of 2018, marking the start of another successful year.
Five acquisitions completed during the quarter with investment focussed mainly on alternative assets offering strong income in affluent catchment areas; multi-let industrial estates; and strategic additions to existing holdings.
Significant transactions include the acquisition of Combined House, Kingston-Upon-Thames, in the heart of south west London’s dominant commercial and administrative centre, for a price of £55,900,000. The asset comprises two multi-storey buildings featuring retail accommodation on the ground floor and hotel accommodation over the upper floors, which will provide long term income with fixed uplifts.
DTZ Investors also completed the acquisition of 35-53 Buchanan Street, Glasgow. The property forms the northern part of the House of Fraser department store on Buchanan Street, a prime retailing space in the heart of Glasgow City Centre. This acquisition provides DTZ Investors with an extension to its existing holding of the southern part of the House of Fraser store.
Looking ahead, the company will be targeting future investment towards multi-let mixed use and retail assets in Greater London and in strong regional centres across the UK, multi-let industrial estates, assets offering index-linked income and alternatives.