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Email: Phone: 0207 486 5777
Email: Phone: 0207 486 5777

Taris Real Estate Make Their First Purchase in the UK

Taris Real Estate who are asset managed by Red Kite have made the first of two purchases in the UK commercial property market.

The property in Boston is let to Clarks Shoes for a remaining term of 2 years at a rent of £118,000 pa.

The purchase yield was 9% and the property fits the Taris Real Estate business plan of buying short leasehold prime pitch properties in secondary market and cathedral towns.

Red Kite will asset manage the property along side their partner Mark Sachon of London and Lothian to add value through lease restructuring before or at the point of lease expiry.

Allsop acted for Taris Real Estate in the acquisition and Buchanan Bond and Paul Nichols & Company acted for the vendor who was a private investor.