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

Helios Portfolio is purchased for £14.6 million

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.