Hillview Real Estate鈥檚 latest value-add UK regional real estate fund has made its first investment.

The Hillview Partners Property Fund (HPPF) III fund has bought three adjacent office buildings at Kings Court, a development of office suites at Birmingham Business Park, from Catalyst Capital for 拢9.7m (鈧�10.7m).

The three buildings comprise six self-contained units at 2620-2650, totalling 51,503sqft.

Nadav Livni, founder of Hillview Group and fund manager of Hillview Real Estate, said: 鈥淜ings Court is an excellent first acquisition for our new fund, providing exactly the sort of opportunities for us to add value from upcoming lease events, refurbishment of units and regearing leases.鈥�

Hillview launched HPPF III last month with a plan to raise 拢150m for the value-add fund which will be investing 拢300m in multi-tenanted offices using leverage.

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