Matterhorn Capital has snapped up two Newcastle properties in an excellent location.
Matterhorn Capital is set to benefit from strong tenants in an excellent location following its latest
development investment acquisition in Newcastle.
The company has acquired two buildings in the heart of Newcastle city centre for a fee of £20 million, according to North East Business Journal.
Lead relationship director for Lloyds TSB corporate markets Justin Snoxell told the newspaper: "The business is just the sort of ambitious and well-run firm we like to work with and we look forward to a long and productive relationship."
Commenting earlier this month, senior economist at the Royal Institution of Chartered Surveyors Oliver Gilmartin suggested that UK commercial
property investment has become increasingly attractive over the last few years.
This is particularly the case when compared to euro denominated assets.
He added that "European real estate has been lagging [behind] the turnaround in the UK in some respects" while the value of the pound continues to wane compared to the euro.
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