FIX Trade Parks

Client

Trade Parks Unit Trust and Legal & General

Asset Summary

  • UK wide portfolio of specialist trade parks branded as Fix.
  • 70% in England
  • 49 assets
  • 269 tenants

Value Added Approach

  • Protect, extend and increase rental income:
    • Over 430 deals per annum (lettings, re-gears, reviews)
    • Rent has increased by average of £200,000 per annum
    • Favourable group deals arranged with principal tenants across the portfolio
  • Reduced void levels, running costs and service charges:
    • Void decreased over 7 years by almost 50%
    • Reduction in service charge by 19% converted into rent uplifts at review
    • Cooperative relationships with multiple occupiers
  • Worked with IPD to create institutionally acceptable asset class.
  • Tailored offshore ownership and onshore management private equity and debt structure with Eurohypo/Wells Fargo as senior lender

Result

  • Successfully Retained asset management mandate for 2 years following sale to Legal & General UKPIF in 2012

Services

FIX Trade Parks
FIX Trade Parks
FIX Trade Parks
FIX Trade Parks

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