Our Transactions

In November 2024, Farran Investments and GoldenTree acquired the £351m Aberdeen Property Income Trust, by way of corporate acquisition of its property holding structure comprising 39 commercial real estate assets across the UK (2 SPVs). Acquired at an 8% discount, the portfolio was weighted approximately 55% industrial & logistics, 25% retail, 15% office and 5% other uses. The acquisition established the platform, providing a diversified income base and a substantial industrial and logistics foundation from which to grow the portfolio.

In May 2026, Farran and GoldenTree completed the off-market acquisition of a £116m portfolio of 34 commercial properties from Columbia Threadneedle. The portfolio comprises 97 units across the UK and is weighted 87% industrial & logistics and 13% retail. The acquisition further expanded the Apex platform, adding a diversified, income-producing portfolio with a strong industrial and logistics weighting.

In August 2026, Farran and GoldenTree acquired a £193m portfolio of 20 industrial and logistics assets, comprising 191 units and approximately 2.5m sq ft of accommodation.
The portfolio is 100% industrial & logistics and combines multi-let industrial estates with single-let logistics assets across established distribution and last-mile locations. The acquisition materially increased the scale of the Apex platform and further strengthened its industrial and logistics weighting.

In April 2025, Farran and GoldenTree acquired Lakeside Retail Park from Landsec for £114m. The 527,000 sq ft asset comprises 31 units and is one of the South East’s most established retail destinations. At acquisition, the asset was weighted approximately 40% food retail, 50% large-format retail and 10% restaurant & leisure, adding a high-quality, institutional-grade retail asset to the platform.

Farran has executed £20m of strategic non-core disposals across the platform, generating a 42% IRR. The disposal programme has focused on assets with weaker long-term fundamentals, limited strategic fit or where value had been maximised, recycling capital while improving the overall quality and composition of the portfolio.

All transactions have been completed through Farran’s joint venture with GoldenTree Asset Management, which provides the majority of the equity capital alongside Farran’s co-investment. Since inception, Farran has sourced and executed a range of institutional debt facilities across the platform, including:

• £195m RBSi term loan and revolving credit facility – 55% LTPP at SONIA + 160 bps
• £222m Bank of America facility – 65% LTV at SONIA + 235 bps following reverse flex and subsequent CMBS sell-down, releasing £27m of capital through the refinancing
• £68m Canada Life acquisition facility – 60% LTPP at Gilt + 160 bps, five-year term
• £79m Bank of America acquisition facility – 70% LTPP at SONIA + 215 bps, five-year term
• £294m Bank of America acquisition and refinancing facility – 70% LTPP on acquisition, 65% LTV on refinancings at SONIA + 215 bps, five-year term, releasing £16m of capital through the refinancing

The financing strategy has provided accretive leverage at attractive institutional pricing, while enabling the release and recycle capital as the platform has grown and financing structures have been optimised. Interest-rate exposure is appropriately fixed or hedged, with a strong spread maintained between borrowing costs and underlying asset yields.