DTZ Investors starts the second half of the year with over £600m of transactions
DTZ Investors has completed or put under offer over £600m of transactions in Q3 2018. Three acquisitions completed during the quarter, with a further three assets under offer. Completed purchases include those in prime retail locations offering high footfall; mixed-use schemes that attract a diverse range of occupiers; as well as multi-let industrial estates.
DTZ Investors completed the acquisition of Deacon Way, Reading, a multi-let industrial estate comprising eight units situated to the west of Reading town centre, within an established industrial / warehouse area. The acquisition is in line with DTZ Investors’ strategy of gaining exposure to multi-let industrial estates in good quality locations, a sector which offers strong income growth prospects over the medium-term.
DTZ Investors also completed the acquisition of 50-54 Clerkenwell Road, London EC1, a mixed-use scheme located in a vibrant and dynamic part of Central London that attracts a diverse range of occupiers. The property comprises retail accommodation on ground and lower ground floors with recently refurbished warehouse style office accommodation across the five upper floors.
Future investment will be targeted towards multi-let industrial estates, mixed-use assets in affluent centres, and alternatives offering long, possibly index linked, income.