Maven sells Aberdeen Business Park asset to French fund, Epsicap

Maven has completed the £3.35 million sale of an industrial building at ABZ Business Park in Aberdeen to French real estate investment manager Epsicap REIM, acting on behalf of its regulated SCPI fund, Epsilon 360°.

The modern 18,466 sq ft property, located adjacent to Aberdeen Airport, was acquired by Maven clients in 2018. It has been fully let to Aramark Limited since construction, with the current lease running until October 2032. The asset has delivered consistent income for Maven investors, generating a running yield of 6% per annum during the investment period. The sale price was £3.35 million, offering a NIY yield of 8.5% for the purchaser.

Epsicap REIM is an investment manager specialising in small and mid-cap assets across Europe. Its SCPI fund, Epsilon 360°, launched in 2021, targets assets between €1 million and €10 million.

“This sale represents a timely and prudent exit from an asset that has performed well for our investors, delivering a strong yield. While the Aberdeen market remains uncertain, we are pleased to have secured a strong offer from a credible international buyer.”

Paul Johnston, Partner at Maven

Ryden acted for Maven and Welbeck Real Estate Advisers represented the purchaser.