Two industrial estates that were purchased in 2013 have been successfully sold on behalf of Private Equity Clients of Red Kite to Clipstone Investment Management Limited, http://www.clipstone.co.uk/.
The sale reflects a net initial yield of 7.6% and a capital psf value of £90/sq ft.
Lewis Ellis LLP acted on behalf of Red Kite in the transaction and Clipstone were unrepresented having made a direct approach to Red Kite following an opportunistic meeting at the Cyril Leonard Property Cocktail Party!