Epsicap Explore takes its portfolio fully outside France with fourth acquisition, a London retail asset
- EUROPE REAL ESTATE
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Epsicap Explore, the SCPI managed by Epsicap REIM, has completed its fourth acquisition, a retail asset in north-west London acquired for €7.76m excluding transfer costs. The deal follows earlier purchases of a hotel in Preston, a light industrial asset in Aberdeen and a logistics platform in Poland, and it means the SCPI's entire portfolio is now located outside its home market of France, exactly as its strategy set out to achieve.
The property is Epsicap Explore's first retail asset, split across two units totalling 2,867 m², fully let to Asda, one of the UK's leading food retailers, and The Gym Group, a major UK gym operator. Both tenants have called the site home since it was refurbished in 2015, a decade-long relationship that speaks to the resilience of the location, with 8.4 years remaining on the firm lease term.
