Craigard

Linea

SOLD MARCH 2016
Bought For: £2.8m
Sold for: £3.7m
The Asset: A modern multi-let office building extending to 22,000 sqft on prime Business Park

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Overview

The business plan was centered on pro-active asset management and implementing a leasing strategy. Following acquisition the one vacant suite was successfully let.

With various lease events on the horizon we undertook a hold/sell analysis and discussed it with our investors. A decision to exit was reached securing a total return of c.50% over a 15 month hold. Post-sale one of the tenants exercised their break.

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