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Irish Snap Up Antler Portfolio

LONDON-Antler Property Investments, the private investment company headed by Alan Welsh, has sold a mixed portfolio of 31 properties across the UK to a consortium of private Irish investors for approximately Pounds 86 million ($125 million).

By Graham Parker | Updated on May 29, 2002

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.

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