Mon, 17 Nov 2025 | COMMERCIAL PROPERTY
A multi-asset UK real estate portfolio located around the South East and London has been acquired by a private equity firm headquartered in Dallas, Texas. The portfolio comprises 16 assets, including multi-let industrial, retail and office properties.
The portfolio has been acquired by Dallas-based Lone Star Funds from St. James’s Place (SJP) through an affiliate of its Lone Star Real Estate Fund VII. Following the acquisition, Lone Star plans to implement an active asset management strategy and invest in the properties.
The largest part of the package is the multi-let industrial portfolio, comprising ten well-connected properties located largely in Greater London and the South East, which are described as being highly attractive for use in last-mile delivery and regional distribution.
The retail real estate assets within the portfolio are high-quality retail warehouses with strong existing tenant bases, while the office properties are all situated within London.
Lone Star’s Global Head of Commercial Real Estate Jérôme Foulon commented: “The multi-let industrial sector is an area that Lone Star has been investing in over the last 12 months with strong conviction.”
“We believe there is significant potential in this part of the market as tailwinds in storage and distribution continue to drive demand for corporate leasing.”
Jeremie Goldsztain, Senior Managing Director and Head of Europe Real Estate at Lone Star, said: “We see tremendous value in this portfolio of high-quality assets”.
“As an investor in holistic, mixed-use portfolios, we believe this opportunity includes great diversification of key retail, office and industrial properties that offer substantial upside given their locations.”
Global real estate investment manager Invesco Real Estate advised SJP on the sale of the portfolio, which Investo Real Estate Managing Director Andy Rofe described as comprising “16 diverse and high-quality assets”.
Real estate M&A is one of the main trends currently defining the UK’s retail market
