UK Real Estate Fund has invested 拢153m ($240.1m) in three assets in west London.
The investment manager bought the Kings Mall shopping centre in Hammersmith, along with an adjacent office property and car park.
Matterhorn Palos Partnership, a joint venture between investors Brett Palos and Anthony Lyons and Simon Conway鈥檚 Matterhorn Capital, sold the assets four years after their 拢115m purchase.
The 340,000 sq ft Kings Mall centre, let to 40 tenants, has been refurbished.
The One Lyric Square office asset is 100% let.
James Lass, fund manager at Schroder UK Real Estate Fund, said the manager was looking to capitalise on strong growth throughout London markets outside traditional 鈥榗ore鈥� areas.
The company, he said, plans to make further strategic acquisitions where it sees potential to add value through asset management.
鈥淭his asset fits that brief and enjoys strong connectivity with attractive amenity for occupiers,鈥� Lass said.
鈥淎ll the component parts of this deal include highly reversionary rents and provide us with significant opportunity for adding income and value.鈥�
