Europa Capital's Europa Fund III and Ediston Properties have acquired seven UK office properties for around £65 mln (EUR 74 mln). The vendor was not disclosed.

The portfolio provides 316,000 sq ft (30,000 m2) of office space located across the UK and is the second transaction carried out by the joint venture. Earlier it bought the Heathfield retail park in Ayr, Scotland from AXA Real Estate for £32 mln.

The partnership is looking to invest up to an additional £150 mln into both income and development assets in the UK office, retail and hotel sectors. The joint venture has an existing debt facility in place from the Royal Bank of Scotland.

Europa Capital, a member of The Rockefeller Group, is a real estate fund management group operating from offices across Europe. It is currently investing two investment funds for European property investment: Europa Fund III and Europa Emerging Europe, which invests in Eastern Europe.

Ediston Properties is a privately-owned property company based in Edinburgh and London.