MNK Partners reaffirms its investment strategy in the United Kingdom by finalizing the acquisition of an office building in central Leicester for its SCPI Reason. This ninth acquisition meets Reason’s Core investment criteria, focusing on high-quality assets in promising OECD markets, with top-tier tenants ensuring excellent visibility on rental income.
A Strategic Acquisition in the UK
Continuing the expansion of the Reason SCPI, MNK Partners has completed a significant transaction by acquiring a real estate asset in the UK. This transaction follows a recent acquisition in the Netherlands, illustrating the management company’s approach of targeting investment opportunities in attractive OECD geographic regions.
The 2,572 m² office building in Leicester represents a total investment of €4.6 million (excluding closing costs). The acquisition stands out with an initial yield of 10.9%, reflecting the pursuit of attractive returns.
Predictable rental income and high-quality tenants
The property is fully leased and benefits from fixed-term leases with an average remaining term of 8.1 years, offering high cash flow stability. The tenants are recognized institutional and business players: a British financial institution, a UK government entity, and an established law firm. This tenant mix ensures high rental security, aligning with Reason’s Core criteria, which prioritize top-tier tenants.
MNK Partners: Expertise and Innovative Management
MNK Partners, authorized by the AMF since 2019, employs an investment approach that integrates quantitative analysis and sustainability considerations. The firm manages €400 million in assets and positions Reason as a next-generation SCPI focused on diversification and stable performance. MNK Partners’ expertise is based on active and quantitative management, enabling it to anticipate real estate cycles.
Investors are reminded that investing in SCPIs involves risks (capital loss, liquidity) and that the recommended investment horizon for Reason is eight years.
