Off-market, corporate acquisition

Leicester

At a glance

Region:

East Midlands

Purchase price:

£ CONFIDENTIAL

Net Initial Yield:

6%-6.5%

Sector:

Office, Industrial, Marina, strategic Land

Granite House
52.69097715749769
-1.0952470068139744
Development land, 3 parcels
52.69622227090045
-1.0983483832159695
Bridge Estate
52.676072369368654
-1.1040677484649426
Pinfold Estate
52.67434672755741
-1.1068754833912002
Leicester Marina
52.67476727453878
-1.108736326030092

Why we invested

Off market mixed-use portfolio, with significant income and capital growth potential across the assets. It benefits from established tenants, low rents, and land with planning permission in place.

  • Freehold properties – with a combination of redevelopment opportunity and reversionary income
  • The portfolio comprises two multi-let industrial estates, six offices, a marina, plus strategic land with development opportunities
  • Attractive discount on entry to reflect complex corporate ownership structure.

How we’re building wealth

With the offices and industrial estates:

  • Refurbishment and reletting out-of-town offices, creating sustainable and high-quality head quarters buildings
  • Maximise asset management opportunities to capture rental reversion across the industrial estates
  • Submitting planning application for the redevelopment of office and industrial units for an existing tenant with growth plans

With the marina:

  • Optimising the Marina space to increase the number of moorings which can be accommodated, together with new facilities, to enhance rental growth
  • Planning application for new build facilities

With the land:

  • Submitting planning application for a sustainable logistics redevelopment in a key employment-allocated site

Business plan

Exit

No items found.

Our portfolio

Fixed ideas hinder the search for value. At Boundary, we are active across all sectors and our strategies reflect this flexibility. Some are led by capital value - involving tax or corporate entity restructuring, refurbishment or development. Others focus on maximising income, with the emphasis on improving rental levels and lease duration through active asset management. We are focussed on releasing value through inventive strategies and impeccable execution. Our portfolio reflects the success of this approach:

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