Global asset manager BlackRock had established a joint venture with UK REIT Workspace to acquire high income yielding multi-let industrial or office buildings in London and the Southeast. The target lot size range is £5-£20 mln, although larger and smaller deals will be considered. The JV partners will commit up to £100 mln of equity into the joint venture known as the BlackRock Workspace Property Trust (BWPT).
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
