Maya Capital, a private equity firm focussed on real estate, said it plans to spend £100m on office buildings in cities across the UK, as investor appetite for property in the regions gains momentum.
Founded in 2014, Maya manages £200m of capital raised from a mix of family offices, wealthy individuals and institutional investors.
The firm said yesterday it is being backed by “a top-tier institutional investor” to build a portfolio of secondary assets that will be worth more together than alone.
It made its first acquisition last week for £6m in Swansea and has offers on two other assets worth £24m.
Maya’s managing partner David Pralong said: “We are excited by the current opportunities in regional cities in the UK. While all time low yields start to plateau in London and its immediate vicinity, the announcement highlights the growing appetite for a regional strategy outside the M25.”