Helios Portfolio is purchased for £14.6 million Red Kite has - TopicsExpress



          

Helios Portfolio is purchased for £14.6 million Red Kite has purchased on behalf of Private Equity clients the Helios Portfolio from US Hedge Fund Varde Partners. The Portfolio comprises of 7 distribution warehouse buildings throughout the Midlands and the South East of England. All have well-known tenants and the Portfolio WAULT is an excess of 8 years. The purchase yield shows a net initial yield of 8.5%, an average rent role of £3.97 psf on a total floor area of 330,000 sq ft. The capital value psf of the purchase is £44.24. Lewis Ellis acted on behalf of Red Kite and Kinght Frank acted on behalf of the vendor.
Posted on: Wed, 10 Sep 2014 08:38:09 +0000

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