14. August 2012 
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CBRE Global Investors wins EDS mandate
CBRE Global Investors has won a £120m mandate from EDS Trustee Ltd, and has purchased four properties on behalf of the client for £18 million. The properties, which are retail units located in Worthing, Worcester, Truro and Leeds, were purchased as part of a wider £32 million portfolio purchase – The Orchid Portfolio, which also contains properties bought on behalf of other CBRE Global Investors clients.
The mandate with EDS Trustee Ltd was signed earlier this month and required the establishment of a fully exempt unauthorised property unit trust, to allow two pension plans to co-invest in a UK portfolio with a target fund size of £120 million.
Details of the specific properties are as follows:
• Lyons Farm, Worthing: an out-of-town retail warehouse let to Argos and Pets at Home
• Worcester: high street retail let to Barclays
• 93-94 Pydar St, Truro: high street retail let to Boots
• 31 Commercial St, Leeds: high street retail let to Lush Retail
The portfolio purchase, from Threadneedle, was agreed off-market in May this year.
The mandate with EDS Trustee Ltd was signed earlier this month and required the establishment of a fully exempt unauthorised property unit trust, to allow two pension plans to co-invest in a UK portfolio with a target fund size of £120 million.
Details of the specific properties are as follows:
• Lyons Farm, Worthing: an out-of-town retail warehouse let to Argos and Pets at Home
• Worcester: high street retail let to Barclays
• 93-94 Pydar St, Truro: high street retail let to Boots
• 31 Commercial St, Leeds: high street retail let to Lush Retail
The portfolio purchase, from Threadneedle, was agreed off-market in May this year.
