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Opportunistic UK Industrial Joint Venture

JOINT VENTURE WITH:
OVERVIEW:

IO1 represented the Grosvenor Group’s first investment into the UK industrial / warehouse sector.

The vehicle followed an opportunistic investment strategy, enjoying substantial cash-on cash returns whilst generating significant capital returns via a strategy of individual unit sales to owner occupiers.

A total of 20 units were sold at a net margin of 38%, while the institutional-grade ‘Lion Portfolio’ was aggregated at the same time and ultimately sold for a substantial premium to a global institutional investor.

  • UK Multi-let Industrial programme established in Joint Venture with Grosvenor in 2012
  • Comprised 12 properties totalling c.£40m
  • Opportunistic strategy targeting good quality secondary assets with high running yields, in recovering market following Global Financial Crisis
  • Further value driven by opportunistic unit sales to owner occupiers at premium to book cost
  • Final assets sold in December 2015
KEY STATISTICS:
40m

Investment Total

18.10

Realised Equity IRR

Realised

Status