Asset manager AEW has acquired a 66,000 square feet town centre office building in Reading on behalf of its UK core-plus property fund.
The manager’s AEW UK Core Plus Property Fund has invested £8 million (€9.4 million) to buy Northgate House on Valpy Street from a private property company. The office building is occupied by a government department.
The acquisition forms part of AEW’s strategic site assembly, adding to its existing ownership of Tangent House and a public house to the rear of Northgate House, creating a highly prominent site in a location lending itself to multiple end uses.
Source: realassets.ipe.com on the 15th of April, 2024
https://realassets.ipe.com/news/aews-uk-core-plus-property-fund-acquires-northgate-house-in-reading/10072720.article