IO acquires Cranford Court, Warrington

IO has completed its acquisition of Cranford Court, Warrington at a cost of £1.1m, representing a NIY of 8.0%. The well-configured six unit estate is IO’s second asset in Warrington. IO firmly believes the estate offers superior risk adjusted returns, based on prior knowledge of the Warrington market. The management team forecasts a Geared IRR of 15%+ pa.