22 Aug 2012
Property specialists Custodian Capital acquires Southwark property in central London
Custodian Capital, which is part of the Mattioli Woods plc group of companies, has purchased a central London industrial property in a deal worth over £2.6m. The 22,000 sq ft industrial unit is let on a new 15-year lease to Constantine Ltd, one of Europe’s leading fine art and antiques logistics companies, until 2027. Located in an established industrial area of Southwark, approximately 2.5 miles south-east of the City and 3.5 miles from the West End, the property is in an unparalleled location for servicing central London.
Custodian Capital has purchased the property for a syndicate of investors who will benefit from a rent of £200,052 per annum. Forecast annual total returns are over 8.75% from 2014 onwards, with income distributions of over 6% from 2015.
Richard Shepherd-Cross, Managing Director of Custodian Capital, commented: “We are pleased to be offering investors this rare opportunity to participate in the ownership of this newly refurbished, flexible industrial property in such a strategic location.”
“The available supply of existing buildings and development sites in the Southwark area is under constant threat from alternative uses, leaving buildings of this size and quality in short supply, which should contribute to medium to long-term rental growth” he added.
The Southwark property is part of a nationwide portfolio of syndicated property investments of over £135 million, across all property sectors, with over 1,250 individual investors.
Prospective investors who are interested in this investment model must seek their own independent financial advice from an appropriate adviser who is authorised and regulated by the Financial Services Authority.
For further information on this investment, click here.
02 Oct 2019
16 Sep 2019
05 Aug 2019
29 Jan 2019
19 Dec 2018