Success as Rivermead - Sold Just Two Years after Purchase
Craigard has sold its site in Thatcham for £2.5million to C2 Capital.
Since purchase in October 2013 for £1.83 million, Craigard has overseen refurbishment works at the site to upgrade key areas. As a result, all the existing occupiers renewed leases – six in total, three new lettings were secured and the last two vacant units are under offer at the point of sale.
“This project really has required a tremendous amount of effort,” comments Paul Foster. “We have used all our asset management skill sets - negotiating lease renewals and dilapidations, enhancing the estate, producing plans for future extensions, refurbishment works, rebranding and new lettings. We are delighted to have made a great yield on investment for our syndicate members who will now be looking to reinvest.”