Lone Star Acquires Diverse UK Real Estate Portfolio from St. James’s Place
Lone Star Funds has completed the acquisition of a multi-asset real estate portfolio from St. James’s Place, comprising 16 high-quality assets across the UK, including multi-let industrial, retail, and office properties.
Real EstatePortfolio AcquisitionLone Star FundsSt Jamess PlaceInvesco Real EstateReal EstateNov 18, 2025
The portfolio comprises 16 high-quality assets across the UK, including multi-let industrial (MLI), retail, and office properties. The largest component is the MLI portfolio, which consists of 10 separate property assets predominantly located in Greater London and South East England. These assets offer access to major transportation and industrial hubs, making them highly attractive for last-mile delivery and regional distribution. The office properties are all situated in London, while the retail assets consist of high-quality retail warehouses with strong tenant bases.
Lone Star will implement an active asset management strategy, investing behind these properties to further build upon their institutional quality. This approach is designed to enhance the value and performance of the portfolio, capitalizing on the growing demand for well-located and well-managed real estate assets.
“The MLI sector is an area that Lone Star has been investing in over the last twelve months with strong conviction. We believe there is significant potential in this part of the market as tailwinds in storage and distribution continue to drive demand for corporate leasing,” said Jérôme Foulon, Global Head of Commercial Real Estate at Lone Star. This statement underscores Lone Star’s strategic focus on sectors with high growth potential and the company’s commitment to leveraging its expertise to maximize returns for investors.
“We see tremendous value in this portfolio of high-quality assets,” said Jeremie Goldsztain, Senior Managing Director and Head of Europe Real Estate at Lone Star. “As an investor in holistic, mixed-use portfolios, we believe this opportunity includes great diversification of key retail, office, and industrial properties that offer substantial upside given their locations.” This acquisition aligns with Lone Star’s broader strategy to diversify its real estate portfolio and capitalize on the strengths of different asset classes in the UK market.
Andy Rofe, Managing Director Europe, Invesco Real Estate commented: “We are immensely proud that SJP entrusted Invesco Real Estate earlier this year to lead the successful sale of their real estate portfolio on the basis of our 30+ years’ experience and deep knowledge of the UK transactions market. To have facilitated the disposal of 16 diverse and high-quality assets from the full portfolio is a fantastic achievement and milestone for our client. Our relationship with SJP further underscores the continued growth of our wealth business and our ability to create and deliver bespoke solutions for the specific needs of the wealth industry. We remain dedicated to delivering value and strategic guidance to our wealth clients in an evolving market landscape.”
Lone Star Funds is a leading private equity firm with a strong presence in real estate investments. The firm’s acquisition of this diverse portfolio from St. James’s Place demonstrates its commitment to expanding its footprint in the UK real estate market and delivering value to its investors through strategic and well-executed transactions.
Frequently Asked Questions
What is the total number of assets in the acquired portfolio?
The portfolio comprises 16 high-quality assets across the UK, including multi-let industrial (MLI), retail, and office properties.
Who advised St. James’s Place on the sale of the portfolio?
SJP was advised by Invesco Real Estate, the global real estate investment manager, on the sale of the portfolio.
What is the largest component of the portfolio?
The largest component is the MLI portfolio, which consists of 10 separate property assets predominantly located in Greater London and South East England.
What is Lone Star’s strategy for the acquired portfolio?
Lone Star will implement an active asset management strategy, investing behind these properties to further build upon their institutional quality and enhance their value and performance.
What is Invesco Real Estate’s role in the transaction?
Invesco Real Estate advised St. James’s Place on the sale of the portfolio, leveraging its 30+ years of experience and deep knowledge of the UK transactions market.
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