Funds managed by Blackstone Group Inc. and M7 Real Estate Ltd. acquired an industrial estate in Wolverhampton, U.K., from Cording Real Estate Group Ltd.
The 114,913-square-foot Oxford Street Industrial Estate comprises nine industrial units. The seller re-geared a 56,000-square-foot lease with Wolverhampton Self Storage.
Cording also sold the 360,436-square-foot Hindley Green Business Park in Wigan to an unnamed private overseas investor.
Both transactions amounted to £20 million, reflecting a blended net initial yield of 8%.
