Barwood Capital

Luton

| OFFICE

Overview

Two storey office building totalling 15,558 sq ft, in need of significant investment. After extensive refurbishment one floor was let to Chargemaster Plc and an existing lease on the other to Wates Group Services Limited was extended.  The property was then sold to a private BVI registered investor in January 2014.

Intensive asset management delivered a 27% equity IRR and a 1.5x equity multiple.

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