Värde Partners and joint venture asset manager partner APAM have closed the circa £50m all-cash purchase of two prime high street retail portfolios from Royal London Asset Management with Credit Suisse already lined up to refinance.
Here is a press clipping from City AM detailing Simon Hardwick’s appointment as APAM chairman.
To celebrate the year that England hosts the Rugby World Cup and mark the connections between Property and Rugby, RICS hosted a Business and Rugby networking event at Parliament Square.
Patron Capital, the pan-European institutional investor, and its asset management partner APAM have sold the Crossways Point buildings on Crossways Business Park in Dartford to CCLA for its LAMIT Fund for more than £14m.
Värde Partners has closed the all-cash purchase of Bizspace Group, the UK provider of flexible business accommodation for approximately £138m.
APAM’s Simon Cooke was one of four experts who recently attended a roundtable discussion on the UK property market, organised by PEI’s PERE (Private Equity Real Estate) publication.
Värde Partners has entered exclusive negotiations to acquire Bizspace Group, the distressed logistics and office business space operator formerly owned by a Highcross fund, for north of £130m.
APAM has joined forces with Patron Capital to purchase the Arlington Business Park in Theale, Berkshire, from the Arlington Business Parks Partnership for £75m and the Mint in Leeds for £30m.
Reading-based McKay Securities has completed the acquisition of a distribution facility near the Arlington Business Park in Theale, Berkshire for close to £11m.
Patron Capital and APAM have bought Arlington Business Park in Theale from Goodman and Legal & General’s joint venture Arlington Business Parks Partnership, for circa £75m.