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GE Real Estate Buys U.K. Property Firm for $362.5M

GE Real Estate has agreed to buy Haslemere, a European property investment company, for $362.5 million. The announcement comes only weeks after GE snapped up U.K. property investment company Benchmark for $320 million.

Haslemere is jointly held by Brack Capital Real Estate BV and Citadel Canterbury. The acquisition is expected to close by May 1, according to GE Real Estate.

GE Real Estate’s largest property takeover was four years ago, when it partnered with Hermes for a £1.9 billion buyout of MEPC. MEPC was the U.K.’s fourth-biggest property company at the time.


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