Red Kite has purchased on behalf of Private Equity clients the Helios Portfolio from US Hedge Fund Varde Partners.
The Portfolio comprises of 7 distribution warehouse buildings throughout the Midlands and the South East of England.
All have well-known tenants and the Portfolio WAULT is an excess of 8 years.
The purchase yield shows a net initial yield of 8.5%, an average rent role of £3.97 psf on a total floor area of 330,000 sq ft. The capital value psf of the purchase is £44.24.
Lewis Ellis acted on behalf of Red Kite and Kinght Frank acted on behalf of the vendor.