Caisson Acquires Bacchus Portfolio

Apr 2013

Caisson Investment Management has acquired the Bacchus Portfolio for c.£5.5m with its equity partner Parabola Capital. The portfolio consists of four multi-let industrial estates and one distribution warehouse in Runcorn, Oldbury, Motherwell and Bathgate, with 89 units across an area of 452,111 sq ft. The transaction represents a net initial yield of c.13.85%.

The transaction forms part of the new Joint Venture which is committed to investing c.£50.0m into the UK MLI sector.

-Ends-

Contact for enquiries

Lisa Allsup

Caisson Investment Management

Lisa.Allsup@caisson-im.com

+44 207 280 9600

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Caisson Acquires Bacchus Portfolio

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