Cordatus Announce further £15m of Acquisitions

By May 27, 2016News

Cordatus Real Estate announce a further £15m of Acquisitions for the Cordatus Property Trust

Cordatus Real Estate acquires two new assets in Bradford and Belfast.

Please see below for article that appeared in the Property Week on 24th May 2016:

Cordatus Real Estate has bought an office building in Belfast and a shopping centre in Bingley for a combined total of £15m.

The assets were acquired for the Cordatus Property Trust and follow £7m of acquisitions made for the fund in April.

Avenue House in Belfast is a 21,500 sq ft five-storey office building with ground floor retail and counts tenants including HSBC, the Law Society, and Chain Reaction Cycles.

5 Rise Shopping Centre was built in the 1970s and offers 63,500 sq ft of retail space. Refurbished in 2009, the centre’s occupiers include the Co-op, Santander, Boots and Greggs.

The Cordatus Property Trust was launched in December 2015 with CBRE Global Investment Partners with initial funding of £150m.

Mike Channing, director at Cordatus Real Estate, said:

“Since the fund’s launch we have been very successful in securing assets that we can add value to through our asset management expertise. “These latest acquisitions by Cordatus Property Trust further diversify the assets under management and add more momentum to our exciting acquisitions strategy.”