Mayer Group, the largest auto and transport group in Israel, has entered the UK market with the purchase of the building that houses Sheffield’s O2 Music Academy.
MRE, a subsidiary of Mayer Group, bought the freehold to the Arundel Gate mixed-use scheme in Sheffield city centre for £16.5m, reflecting a net initial yield of 6.6%.
The scheme comprises the O2 music venue, an Odeon cinema and a multistorey car park.
Excellion Capital and Montagu Evans jointly advised the Mayer Group.
To access all EGi news stories and commercial property data sign up for a free trial today, or visit the subscription options page to find out more.
