DTZ Investors has completed or put under offer more than £300 mln (€343 mln) of transactions over the first four months of 2018, the company said on Thursday.
Significant transactions include the acquisition of Combined House in Kingston-Upon-Thames, in the heart of south west London’s commercial and administrative centre, for £56 mln. The asset comprises two multi-storey buildings featuring retail space on the ground floor and hotel accommodation over the upper floors, which will provide long-term income with fixed uplifts.
DTZ Investors, part of the Cushman & Wakefield group, also completed the acquisition of 35-53 Buchanan Street in 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 the city. The 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 said it 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.