Real estate and private equity investment firm Maya Capital has completed two separate UK transactions for a total of £43 mln (€56 mln), taking its total capital deployed since launch in February 2015 to £100 mln.
Real estate and private equity investment firm Maya Capital has completed two separate UK transactions for a total of £43 mln (€56 mln), taking its total capital deployed since launch in February 2015 to £100 mln.
The company has bought Worldwide House in Peterborough, a 164,000 sq ft office building let to Travelex, for £23 mln at a net initial yield of 10.0%; the First Data headquarters in Basildon, a 117,000 sq ft office building, for £20 mln at a net initial yield of 8.5%.
In October 2015, Maya Capital announced a £90 mln debt investment from Singaporean sovereign wealth fund GIC, to support its UK regional strategy alongside the original investor GWM Group.
'These are two very attractive assets that both strengthen our existing portfolio and provide us exposure to two new UK regions - Cambridgeshire and Essex,' said David Pralong, managing partner of Maya Capital.
'With these deals we have now invested close to £100 mln in this specific strategy, which is a fantastic achievement for the team, particularly as this has been accomplished from scratch in less than 12 months.'