The portfolio consists of a mixture of offices, industrial, retail and residential properties located across southern England. It includes two office buildings in Ashford, Kent; retail and offices in Exeter, Devon and other properties in Aylesbury and Milton Keynes, Buckinghamshire; Edgware and Finchley, north London and Rickmansworth, Hertfordshire.

This is the second purchase for the GE Capital/ICG joint venture deal following their acquisition of a £16.5 million portfolio of mixed use properties from Sovereign Land in April 2001. Mark Collins, Senior Managing Director at GE Capital Real Estate UK & Europe said: 'The formation of joint ventures with new and existing partners is a key element to our business strategy.'

Milner Moffitt acted on behalf of the joint venture.

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