Palmer Capital Investment Requirements – c. £500m to invest into UK Real Estate…

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:

  1. LONG DATED INCOME: Buying assets with >10 years of income but ability to add value through management initiatives.
  2. URBAN ASSET CREATION:  Acquiring UK urban assets that can be refurbished into new residential (for sale or rent) PRS or office assets.
  3. PLANNING GAIN: Acquiring primarily brownfield sites in major UK cities, where planning consents can be readily obtained for residential, and then land sold.

Top Recent Deals

Income Focussed

rotherham

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

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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

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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.