Full service European real estate management and investment company Kintyre has announced the completion of a regional office transaction in a deal worth £51m. Already a leading real estate management firm in Germany, where Kintyre manages 110 assets worth €800 million, this latest deal represents Kintyre’s first UK deal, since launching its UK platform earlier this year. On this occasion Kintyre acted in an agency capacity with a family office acquiring the asset with a view to adding value through the implementation of their business plan over the next few years.
Established in 2009, Kintyre provides a full-service management platform, including asset management, leasing, investment, project management, advisory and property management. In addition to its current operations in Germany where Kintyre manages over 525,000 sq m of commercial property for its clients and partners, Kintyre is looking to further capitalise on the momentum of its first deal, with a current UK transaction pipeline exceeding £200m.
Kintyre’s experienced management team has planned a strategic move into the UK market, with Founding Partner Paul Shiels heading up the London office.
Shiels commented, “This is a really exciting time for Kintyre and we’re delighted to be expanding into the UK market. Having developed so much knowledge and expertise, our team is primed and ready to put it to work in the UK and we currently have a solid pipeline of c£200m of transactions across all sectors, including retail, office and residential. It is a fantastic opportunity and we look forward to building a strong and successful working relationship with our partners and using our experience to grow and enhance the business within the UK.”