Oryx acquires Peugeot’s UK HQ

DealsDecember 2020

Through one of its deal-specific funds, Oryx has acquired Peugeot’s UK HQ in Coventry. The acquired property comprises a 14-acre land plot with two separate buildings, a c.106,700 sq. ft. office, and a c.59,100 sq. ft. industrial warehouse, both fully leased to Peugeot for another eleven years, with two RPI-linked rent reviews remaining. This acquisition forms part of Oryx’ income strategy and was acquired on an all-equity basis, with capital sourced from the existing investor base.