Henderson Global Investor's UK Property Unit Trust (HUKPUT) has completed acquisitions totalling over £80 mln (EUR 91 mln) over the past quarter.

The UK fund manager said it has made its first investment in the medical property sector for the £830 mln trust with the purchase of the BMI Harbour Hospital, St Mary's Road, in Poole, for £23 mln, or a 6.25% yield.

HUKPUT also bought the Zenith office building in central Manchester off-market for £24 mln in a deal reflecting a net initial yield of 7%. The 66,000 sq ft (6,100 m2) prime office building, which was bought from a private investor, is 60% let with rental guarantees across the vacant space. Current tenants include Cushman & Wakefield and consultant Zolfo Cooper.

The multi-let building was formerly known as The Post Office Building before its grade-A redevelopment, which completed in 2007. 'Since acquisition, we have launched a letting campaign and are confident of attracting a number of further high calibre occupiers to the site in order to maximise return on behalf of our investors,' said Marcus Langlands Pearse, HUKPUT's co-fund manager.

In Warwick, the fund has acquired a car dealership from Axa Real Estate Investment Managers. It paid £7.5 mln, reflecting a 6.8% yield. The dealership is let to Sytner Group for over 11 years. The buildings total 38,000 sq ft on a 3.4 acre site.