Off-market purchase, administration driven


At a glance


South East

Purchase price:


Net Initial Yield:



Industrial, Development


Why we invested

An attractive off-market purchase of a large, in-demand industrial site, with the tenant in administration. Clear scope to redevelop and grow the capital value.

  • Demand for industrial sites in Reading is very high – and supply is low
  • A 7.6 acre-site, with 138k sqft of industrial floor area

How we’re building wealth

Business plan

  • Agree a three-year lease with the tenant once the administration completes
  • Formalise an existing sub-letting and sell the site as a medium-term investment
  • Sell part of the holding to a residential developer
  • Drive rents through the breaks and/or when the lease expires
  • Put in place a twin-track debt process that minimises completion capital


  • Moved quickly to recognise demand from developers and land value changes
  • Ensured the investment was “ready to sell” at anytime to take advantage of motivated buyers
  • Sold ahead of business plan
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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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