Bank of America provides financing for off-market transaction
GoldenTree Asset Management and Farran Investments have acquired another significant portfolio of primarily UK-based industrial assets from an undisclosed open-ended fund.
According to a LinkedIn announcement by Farran, the portfolio includes 34 commercial properties comprising 97 units. The assets are predominantly industrial and logistics-focused, accounting for 87% of the portfolio, while the remaining 13% is allocated to retail use. The firm did not disclose the seller or specific locations of the properties.
The acquisition, completed off-market, will further strengthen the partners’ industrial-focused Apex platform. Farran will serve as the asset manager and a minority co-investor alongside its capital partner, GoldenTree Asset Management.
The deal has once again been financed by Bank of America.
GoldenTree Asset Management and Farran initially launched the Apex platform through the acquisition of the full share capital of abrdn Property Holdings, a subsidiary of Aberdeen Property Investors, in a £351 million transaction.
In July 2025, Bank of America arranged a £227.3 million commercial mortgage-backed securitization backed by the Apex portfolio.
Earlier, in April 2025, Landsec agreed to sell Lakeside Retail Park in Thurrock, Essex, to GoldenTree Asset Management and Farran for £114 million.
Farran, established in 2024, was founded by former LXi REIT directors Simon Lee, Freddie Brooks, Rob Ward, and John White.
For the Record:
Newmark advised GoldenTree and Farran on the transaction.
Source: Original reporting by Paul Norman, CoStar News.
