A consortium of private investors led by Quinlan Private, the acquisitive Dublin-based investment fund, has bought out a Buckinghamshire office complex for more than €100 million.
The fund acquired the Marlow International complex in Marlow from Arlington Business Parks Partnership (ABPP), a managed fund owned by industrial property group Macquarie Goodman.
Consideration for the transaction was in excess of the £69 million (€101.59 million) guide price. Quinlan Private, controlled by the financier Derek Quinlan, was advised by CB Richard Ellis and Parkinson Brown.
The deal marks a return to the office sector for Quinlan, who has made notable retail and hotel investments in the last year. The Marlow complex extends to 230,000sq ft. Quinlan said most of the property is let. Tenants include US business information group Dun & Bradstreet, French environmental services group Veolia and US pharmaceutical firm Allergan.
"The remaining 43,678sq ft is currently being marketed in units from 12,710 sq ft by letting agents Knight Frank and Parkinson Brown," said Quinlan Private.
