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

The Highcross Portfolio was previously owned byproperty funds managed by Highcross Strategic AdvisersLimited (“HSAL”), the portfolio includes the UKLand Estates portfolio, held in a 50:50 joint venture withUK Land Estates, consisting of 35 assets(primarily industrial); Broad Gate, a 300,000-square foot grade Aoffice and ground floor retail building in the city centerof Leeds; Lakeside North Harbour, a101-acre business campus located in Portsmouth with 600,000 squarefeet of gross leasable area; Pure Offices, aleading serviced business center provider with 14 purpose-builtcenters; and an additional 26 office/industrialassets totaling over 2 million square feet located in coreregional cities throughout the United Kingdom.

“The Highcross Portfolio provides us critical mass in theregional UK markets with a difficult-to-replicate countrywidepresence and a platform that we can scale with additionalacquisitions over time," said John Kukral,president and CEO of the New York-based firm.