LONDON—Northwood Investors LLC has agreed to pay, through certain affiliates, more than $992 million ( £635M) for 7.1 million square feet of office and industrial space located throughout the regional markets of the United Kingdom.

The Highcross Portfolio was previously owned by property funds managed by Highcross Strategic Advisers Limited (“HSAL”), the portfolio includes the UK Land Estates portfolio, held in a 50:50 joint venture with UK Land Estates, consisting of 35 assets (primarily industrial); Broad Gate, a 300,000-square foot grade A office and ground floor retail building in the city center of Leeds; Lakeside North Harbour, a 101-acre business campus located in Portsmouth with 600,000 square feet of gross leasable area; Pure Offices, a leading serviced business center provider with 14 purpose-built centers; and an additional 26 office/industrial assets totaling over 2 million square feet located in core regional cities throughout the United Kingdom.

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