The real estate investment arm of Quilvest Capital Partners has acquired a multi-let industrial estate in Loughborough, UK for an undisclosed sum.
QCP Real Estate, working with operating partner Arax Properties, has bought Falcon Works, a 53-acre property located in Midlands. The Falcon Works property also offers development potential.
Quilvest said the deal is in line with QCP Real Estateβs expanding strategic focus on the industrial and logistics sector and strengthens the firmβs track-record investing in UK multi-let industrial projects.
Patrick Laroche, principal at Quilvest Capital Partners, said: βWe are delighted to have completed this acquisition which maintains QCP Real Estateβs strong legacy investing in multi-let industrial assets globally.
βThis is a highly attractive property, due to its favourable location and good accessibility, with significant scope for value add through development and commercial initiatives.
βThis transaction is aligned with our strategic commitment to this segment, where we have significant UK experience via previous investments.β
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