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Access here alternative investment news about Ukcp Reit Sells Office Asset To West Midlands Pension Fund | News | Ipe Ra
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Ukcp Reit Sells Office Asset To West Midlands Pension Fund | News | Ipe Ra

by realassets.ipe.com posted 4months ago 59 views
UKCP REIT buys asset in Reading for £51m, sells asset in Bristol to West Midlands Pension for £27.6m. : UK Commercial Property REIT (UKCP REIT) has acquired a multi-let office building in Reading £51m (€57.8m) and sold an office asset in Bristol to the West Midlands Pension Fund for £27.6m. The FTSE 250 company, managed by Aberdeen Standard Investments, said it bought the White Building from Boultbee Brooks Real Estate in partnership with a client of CBRE Global Investors. The eight-storey property, which reached practical completion after a refurbishment in 2017, comprises 95,903sqft.