Palmer Capital Investment Requirements – c. £500m to invest into UK Real Estate…
29 March 2017
Palmer Capital have had an excellent start to the year with the recent acquisitions of Dearne House, Cortonwood Business Park, Rotherham for £5.25m, reflecting a net initial yield of 6.75%. Also the acquisition of a portfolio of three assets for £18.1m including two units leased to Booker and one let to The Range, reflecting a blended initial yield of c. 6.5%.
Palmer Capital have c.£500m to deploy into UK Real Estate.
Palmer Capital are advising clients to focus investment portfolios to have a combination of long term core income and a series of targeted alpha opportunities. They are currently looking to acquire assets which are c. £2m – £200m which play to the following three investment themes:
Dearne House, Rotherham: Acquisition of 51,671 sq. ft. long income modern office accommodation let to The Royal Mail Group Limited. Acquired for £5.25m, reflecting a net initial yield of 6.75%.
Value Add / Opportunistic
Salisbury: Portfolio comprising five office buildings totalling 120,000 sq. ft. and three industrial buildings totalling 70,000 sq. ft. £12.5m acquisition.
Residential Planning
Ayr: 125 acre site with outline planning for 569 residential units. Acquired for £3.5m.
If you have opportunities which fit the above requirements then do get in touch with Charles Allen, Acquisitions Director at Palmer Capital at charles.allen@palmercapital.co.uk or 0207 409 5500.
- LONG DATED INCOME: Buying assets with >10 years of income but ability to add value through management initiatives.
- URBAN ASSET CREATION: Acquiring UK urban assets that can be refurbished into new residential (for sale or rent) PRS or office assets.
- PLANNING GAIN: Acquiring primarily brownfield sites in major UK cities, where planning consents can be readily obtained for residential, and then land sold.
Dearne House, Rotherham: Acquisition of 51,671 sq. ft. long income modern office accommodation let to The Royal Mail Group Limited. Acquired for £5.25m, reflecting a net initial yield of 6.75%.
Value Add / Opportunistic
Salisbury: Portfolio comprising five office buildings totalling 120,000 sq. ft. and three industrial buildings totalling 70,000 sq. ft. £12.5m acquisition.
Residential Planning
Ayr: 125 acre site with outline planning for 569 residential units. Acquired for £3.5m.
If you have opportunities which fit the above requirements then do get in touch with Charles Allen, Acquisitions Director at Palmer Capital at charles.allen@palmercapital.co.uk or 0207 409 5500.