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Hillview Real Estate launches second fund and acquires Great Western Court in Bristol as first asset
18 April 2018Hillview Real Estate, the UK regional office investor, announces the launch of its second fund, Hillview Partners Property Fund II (HPPF II) following the successful raise and full investment of its first fund last year in multi-tenanted regional office buildings, totalling £30 million.
With a combination of equity and debt, provided by ICG-Longbow, HPFF II is targeting acquisitions of more than £50 million.
Its first acquisition is Great Western Court Business Park in Bristol for £7.5 million. The 37,175 sq ft park comprises four detached office buildings adjacent to Bristol Parkway Station.
Nadav Livni, founder of Hillview Group and fund manager of Hillview Real Estate, said:
“The launch of HPPF II and the acquisition of Great Western Court confirms our long-term investment strategy of targeting capital growth by repositioning well-located properties and implementing proactive asset management initiatives to capture the strong occupational demand."
“Despite uncertainty surrounding the Brexit process, our first-hand experience of interacting directly with tenants indicates a resilient domestic economy, with strong underlying growth in the core sectors of manufacturing, technology, engineering, pharmaceutical, financial services, aerospace and automotive.
Our growing portfolio of regional offices provides flexible accommodation and lease terms to both established, multi-national enterprises and high-growth SMEs providing support services to those core sectors”.