This view is supported by the JV announcing another successful disposal for their investors, in the form of their Hartlepool property achieving 21% pa ( £ Sterling) against projections of 12% p.a. Hartlepool was tenanted on long leases by Vue Cinemas, Pizza Hut and KFC, all well known brands benefiting from strong credit ratings.
Eric Mounier, CEO of the JV, comments, “The property was acquired in a prime location, situated between the upmarket residential marina area and the primary retail pitch.
“Every property that we acquire for investors goes through an exhaustive due diligence process to qualify as an acquisition. This includes a comprehensive analysis of the region, town, street and building including infrastructure analysis, tenant suitability and financial sensitivity analyses. Our exclusive investors are from Europe, the Middle East, Africa, Australia and New Zealand and they trust us to do a detailed analysis of each and every investment property”.
Mounier adds, “With the intimate knowledge we have developed of the UK commercial property market over the past six years and with a consistent supply of hard-to-come-by, prime, blue-chip properties with long leases and excellent locations, we have managed to perform exceedingly well for our global investor base.”
This statement is evidenced in the returns they have achieved. The JV projects between 10-12% p.a. (£ Sterling) for their investment offerings. For the last seven properties sold, the JV has achieved returns between 14% p.a. and 52% pa., with all but one achieving in excess of 20% pa.
The UK commercial property market looks set to continue its trend of good returns for investors. With investments in excess of £300 Billion into commercial property last year, the market is well traded and continues to be a sought after investment class.
Mounier highlights the fact that while yields have stabilised this year, the higher inflationary figures are delivering better than expected rental growth, favouring the upward-only rent reviews from which all their leases benefit.
“Since 2002, 25 properties worth over £200m have been acquired for investors. The JV recently released two further offerings into the market, located in Hastings and Taunton respectively. Both offerings are fully subscribed,” concludes Mounier.
Publisher: Athanor International Property Investments and Pam Golding Commercial
Source: Athanor International Property Investments and Pam Golding Commercial

