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Email: info@redkiteland.com Phone: 0207 486 5777
Email: info@redkiteland.com Phone: 0207 486 5777

House of Fraser store in Chichester sold at 6.5% for £11m to Henderson NewStar

In October 2009, having reported to the Private Equity Client who purchased the property back in May 2009 that the market for this profile of investment had improved considerably a decision was taken to take profit and sell. We had forecasted a sale with this yield profile for circa 2012 and we are delighted that we have sold this property at our forecasted level within 6 months of ownership. The private equity client will make a gross profit of £2.7m on this sale.