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Oct , 30
Craigard Exits Loughborough Delivering Exceptional Returns
Following the successful disposal of two units at Swingbridge Industrial Estate last year, Craigard has now disposed of its remaining interest in the estate.
Units 13-14 were sold to a private investor for just north of £1m, while a local prop-co acquired units 19-20, let to SIG, and the long leasehold interest in the entire estate, generating a rent of c.£1,600 p.a., for just shy of £2m.
David Foster comments: “This was an excellent result and after careful deliberation, was the right time to exit. Since we acquired the estate back in 2018, we have concluded a number of ‘light asset management’ initiatives. We are pleased to have delivered a seamless completion, including that of our long leasehold interest. We have delivered, yet again, exceptional returns to our investors and the syndicate, outperforming our acquisition forecasts.”
