Sales Activity 2012 – A Busy Year
Cordatus Real Estate advised GE Capital Real Estate on 8 asset sales during 2012, totalling almost £22m in capital receipts. The disposals included industrial units in Park Royal, Blackburn, Coventry and Telford, offices in Oxford and Leicester and a retail unit in Camberley.
The sales achieved an aggregate of 22% over book cost.
Mike Channing, Director, commented: “We were very pleased to achieve these important sales for our Client, against the background of a very challenging investment market, especially outside central London. The sales reflected the opportunistic portfolio management style of our Client and achieved some strong profit taking.”