Maya Capital is to invest 拢100m (鈧�134.6m) in regional UK office real estate this year.
The private equity firm said a 鈥渢op-tier鈥� UK institutional investor had backed the firm鈥檚 regional strategy with a 拢100m commitment.
Maya Capital will focus on UK regional cities and has closed its first transaction, as well as having 拢24m committed to two deals under offer.
A 拢6m investment in a Swansea building has been made at a net initial yield of 10%.
Maya Capital said its aim is to build a portfolio of UK secondary office assets that are worth 鈥漨ore together than alone鈥�, due to their complementary risk profiles and investors鈥� current appetite for larger investment size.
David Pralong, managing partner and founder of Maya Capital, said as all-time low yields plateau in London and its immediate vicinity, there is 鈥済rowing investor appetite for a regional strategy outside the M25鈥�.
鈥漌e are delighted to have the backing of a top-tier institutional investor that has committed 拢100m to our strategy, and look forward to executing further value driven transactions in the months to come,鈥� he said.
Maya Capital has 拢15m of investments within the M25, including Countryside House, an office building in Brentwood, which is bought in 2014 and an office building in Reading, bought last October.
