April 11, 2018
In only the fourth month of 2018, Palmer Capital have already completed on c. £18m of acquisitions and have a further £400m to deploy into UK real estate. Palmer Capital are looking to acquire assets which are approx. £5m – £200m and play to the following three investment themes:
LONG DATED INCOME: Buying assets with >10 years of income with the ability to add value through management initiatives.
URBAN ASSET CREATION: Acquiring UK urban assets that can be redeveloped 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 sold.
TOP RECENT DEALS:
East Kilbride (March 2018)
Acquisition of a retail warehouse at Mavor Avenue, East Kilbride. The units will be let to Aldi for 20 years, and Home Bargains for 15 years upon practical completion.
Kings Langley (March 2018)
Acquisition of a 20 acre freehold site for £9.25m located in the affluent village of Kings Langley in Hertfordshire. The site comprises 48,000 sq. ft. of B1/B8 buildings, yards, hardstanding, a three bedroom house and open land.
Shepperton (December 2017)
Acquisition of 11 acres of freehold land in Shepperton in South West London for £7m from private owners. The site is currently used for light industrial, external storage, residential and waste transfer uses. It is located in a predominantly residential area and has significant potential for residential and healthcare redevelopment. This has been acquired on behalf of the Residential Land Partnership.