Caisson acquires the South Portfolio         

 Jun 2014

Rockspring’s Hanover Property Unit Trust, advised by Caisson Investment Management, has acquired the South Portfolio from the Ashtenne Industrial Fund for £62.0m, reflecting a net initial yield of 7.5%.

The portfolio, located in the South East of England, comprises ten multi-let industrial estates and one office building totalling 171 units and nearly 900,000 sq ft.

The assets are let to a diverse range of approximately 120 tenants at an occupancy rate of c. 91.0%.

The portfolio currently generates an annual passing rent of c.£4.9 million. Caisson will manage, re-gear and increase this income through the application of targeted capital expenditure and active asset management.

SouthPortfolio

-Ends-

Contact for enquiries

Lisa Allsup

Caisson Investment Management

Lisa.Allsup@caisson-im.com

+44 207 280 9600

Research

"Caisson Newsletter December 2017"
Source: Caisson Investment Management

"2017 H1 Research Paper"
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"Caisson Newsletter December 2016"
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"2016 H1 Research Paper"
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"Caisson Newsletter December 2015"
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"2015 H1 Research Paper"
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"Caisson Newsletter December 2014"
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"2014 H1 Research Paper"
Source: Caisson Invesment Management

"Caisson Newsletter December 2013"
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"Caisson Newsletter December 2012"
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"Caisson Newsletter December 2011"
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"Caisson Newsletter December 2010"
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"Caisson Newsletter March 2010"
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"Caisson Newsletter May 2009"
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The quality of Caisson's analysis, attention to detail and enthusiasm resulted in acquisitions being successfully concluded with the minimum of fuss.

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