AEW’s UK core-plus property fund acquires Northgate House in Reading
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...