trending Market Intelligence /marketintelligence/en/news-insights/trending/CaPWCBR4-JW5YjH-bEeVxg2 content esgSubNav
In This List

Westbrook Partners buys UK industrial portfolio for £140M

Blog

Insight Weekly: Energy crisis cripples Europe; i-bank incomes rise; US holiday sales outlook

Blog

Japan M&A By the Numbers: Q3 2022

Blog

Insight Weekly: Reviving nuclear power; 2023 outlook for US financials; PE funds fuel EV sector

Blog

Insight Weekly: Energy reforms after midterms; Crisis ends 'age of gas'; bank deposits fall


Westbrook Partners buys UK industrial portfolio for £140M

Westbrook Partners LLC paid £140 million to buy a portfolio comprising 30 industrial assets from IO2, a partnership of IO Asset Management LLP, Grosvenor Group Ltd. and France-based private equity firm Quilvest, Property Week reported.

The price reflects a net initial yield of 6.75%, the March 22 report added.

IO Asset Management placed the portfolio on the market through real estate advisory company Gerald Eve in late 2018. Quilvest was believed to have called for the sale in a bid to cash in on the assets three years after its initial investment.

Cortex advised Westbrook on the acquisition, the publication added.