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

Victoria Street property sold for £35m giving a cool £15m profit to our client

The Victoria Street office/retail investment bought by Red Kite for a Private Equity client back in June 2009 has been sold in an off the market transaction to a Private Investor from Thailand.
The sale reflects a 5.4% net initial yield but more importantly a £15m profit to the client who we advised to buy the building in the depths of the recession when West End investment confidence was at its lowest!
London continues in our opinion to spiral ever upwards (of real concern to us – opportunity may be knocking again soon) and our client has thanked us for taking our advice to both buy in 2009 and sell in 2012………………!