Ocean Point, Edinburgh, UK

UK-flag-300x175

Investment Date
Q1 2016

Exit Date
Q4 2019
(Projected)

Asset type
Office

Revcap strategy
Core Plus

Revcap Fund
HCP II

Investment Type
Core Plus Fund

Background and Opportunity

  • Acquisition from an institutional seller of an 8 storey office building totalling 62,500 sq ft with a strong yield of 8.7%, that had been largely sub-let by the immediate tenant
  • Business plan to convert the sub-leases to direct leases and look to re-gear the income towards growing Edinburgh rents

Transaction Progress

  • Lease up continuing and active dialogues with tenants and sub-tenants

Current Status

  • Ongoing management of leases and active management of rent review process

Back to Core Plus Capital

SIMILAR INVESTMENTS

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  • Santander Portfolio, UK
  • Kwik Fit Portfolio, UK
  • Insite Poster Properties, UK