Mubasher: Kamco Invest has acquired three office assets, comprised of two single-let properties in Bristol, England and Hamilton, Scotland; a Glasgow office submarket; and a multi-let property in Surrey.
The three properties are fully leased, according to a company statement on Tuesday.
The properties cover a total area of approximately 208,262 square feet of office space with an average unexpired lease term of seven years.
In addition, The properties are expected to generate a net cash yield of 8.5% per annum.
"In the past few years, we have managed to build a successful track record, while expanding on our international real estate platform to $1.2bn in total transaction value. Moreover, the latest acquisitions demonstrate the viability of our regional office strategy, especially in a post COVID-19 environment,” said Mohammad Al Othman, Executive Director of Real Estate Investments at Kamco Invest.
