SERVICES

  • Investment
  • Building Consultancy
  • Investment Property Management

CHALLENGE

  • To indentify modern single let industrial investments let to secure covenants in good locations with unexpired lease terms in excess of 10 years.

RESULT

  • This property was identified as fitting within Bollinwater Estates LLP’s acquisition criteria.
  • The Investment team appraised the rent, covenant and opportunity and successfully agreed terms with the vendor Praxis.
  • The Building Consultancy team prepared the purchaser’s building survey and managed the environmental surveys with JPB.
  • The Investment was acquired in December 2010 for £7.0m which reflected and initial yield of 7.75% after costs.
  • The Investment Property Management team in Birmingham then took over the general management of the property following completion.