Acquired in 2008 from distressed vendor. Implemented asset management improvements and sold into improved market.
Opportunistic Purchase of Retail Warehouse Park
Acquired in 2008 from distressed vendor. Implemented asset management improvements and sold into improved market.
A strategically located retail warehouse park with open planning consent.
Location: Dundee City Centre, Scotland
Investment type: Retail Warehousing
Investment partner: JP Morgan Asset Management
Opportunistic purchase followed by successfully attracting M&S to the park increasing its appeal to shoppers and retailers alike. Worked up a scheme to extend the park then capitalised on these initiatives selling the asset to a UK pension fund for a return ahead of business plan.
