COREM News

COREM Director Peter Lillington said "We are delighted to make another institutional investment, this time buying a prime retail block in Reading where we can apply our asset management strategy. With our experienced team, market penetration & ability to deploy capital quickly we aim to continue & expand our UK commercial investment portfolio."

Prime Retail Block

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BROAD STREET, READING

COREM IM has completed another UK purchase, acquiring a multi-let retail block on Broad Street, Reading from Standard Life Pooled Property Pension Fund for c.£20m. The purchase represents a yield of just over 6% & was completed in a short timeframe, utilising 100% equity (c£20m)

COREM was represented by Knight Frank while Jackson Criss acted for Standard Life Pooled Property Pension Fund.

House of Fraser

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LEAMINGTON SPA

Completed in a short timeframe, utilising 100% equity COREM secured it's opening aquisition - globally recognised House of Fraser, in Leamington Spa (c£18m)