Caisson acquires Berkeley Court, Runcorn

Jan 2014

In their first acquisition of 2014, Caisson Investment Management and their JV equity partner Parabola Capital have acquired Berkeley Court in Runcorn for c.£3.2m. The estate comprises 118,544 sq ft across 17 units. The net initial yield of c.10.46% is expected to rise to a net revisionary yield of 14.78% once new leasing and asset management initiatives are implemented by Caisson.

The transaction forms part of the Joint Venture which is committed to investing c.£70.0m into the UK MLI sector.

BerkeleyCourt

-Ends-

Contact for enquiries

Lisa Allsup

Caisson Investment Management

Lisa.Allsup@caisson-im.com

+44 207 280 9600

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Caisson acquires Berkeley Court, Runcorn

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