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LONDON-Private Irish investors continue to play a major role in the UK market as a consortium has paid £86 million ($125 million) for a portfolio of 31 properties sold by Alan Welsh’s Antler Properties. The portfolio comprises 31 industrial, retail and office properties spread throughout the UK and produces a total income of £7.107 million pa. The sale reflects a net initial yield of 8%.

The deal brings to an end Antler’s 12-month £300 million ($435 million) spending spree which included the acquisition of a £250 million ($365 million) portfolio from MEPC.

Managing Director Alan Welsh said: “We are actively pursuing a number of potential investment opportunities, including the involvement of an external equity partner, to take us towards the magical £1billion ($1.45 billion) mark of gross assets.”

Holley Blake advised Antler and BCM represented private Irish consortium.

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