Newmark advises Schroder REIT on GBP 380 million acquisition of Picton Property Income
NMRK•Newmark advises on Schroder REIT acquisition
Newmark advised Schroder REIT on its GBP 380 million acquisition of Picton Property Income in a consortium transaction with LondonMetric.
Schroder REIT will take 54% of Picton’s property assets by value, expanding its multi-let industrial and retail warehouse exposure.
The deal was positioned as a scale-driven listed-market transaction, targeting a larger, more liquid UK commercial property portfolio.
