Acquired as part of an investment into a consortium in Sepetember 2007 for CHF 31m at a yield of 3.89%.
The strategy aimed for an increase in yield and capital value through active asset managment initiatives. It was identified that the building was under-let and under valued as the tenant mix and leases were not aggressively/ appropriately managed.
The annual rent roll at acquisition was CHF 1.2m within 5 years, this figure was increased to CHF 1.6m, without a single day of vacancy.
Strategy was to invest in a single UK commercial asset aimed at generating income, combined with long term capital growth. The distribution warehouse, located in Amber Park, Derbyshire, was acquired in September 2009 for £9.1m, reflecting a net initial yield of 8.1%. Rental income was £804,730 p.a., equating to £4.35 per sq ft p.a. A full valuation of the property was prepared by CBRE Limited in May 2013, which valued the property at £9.81m, representing a yield of 7.75%.
A prominent 5 story office building in the Soho area of London, situated in close proximity to the Soho Hotel. Subsequent to the grant of planning permission for conversion to 8 residential apartments, the property was sold to a developer, with investors achieving an IRR of c.25% on their investment.
An attractive period building, arranged over 5 floors. Planning permission was granted for a change of use to provide 3 lateral and 1 duplex penthouse luxury apartments. Located on the north side of The Strand, close to Aldwych, the Savoy Hotel, Somerset House and Covent Garden as well as Charing Cross and Waterloo railway stations.