23 April 2013

Custodian Capital see hike in rental values

Commercial property delivers enhanced income returns for Custodian Capital’s investors.

Custodian Capital, a subsidiary of Mattioli Woods plc, manages a nationwide property portfolio of in excess of 80 commercial properties with an aggregate value of approximately £135 million. The geographically diversified portfolio has many high-profile tenants including Tesco, Bentley, Superdrug, Royal Mail, Regus, RBS and Currys.

In recent rent reviews across the portfolio Custodian Capital has secured improved income returns of between 13% and 20% in a number of locations:

In Redhill, Honda Motor Europe Ltd’s car dealership saw the annual rent increase by nearly 20%, from £117,000 to £140,000.

In Aberdeen, Custodian Capital has secured a £25,000 per annum increase from DHL Express, equivalent to a 15% increase of their passing rent.

In Oldbury, Synter has agreed a £24,310 (13%) rise the annual rent of their BMW body shop, from £185,000 to £209,310.

In Bedford, Custodian Capital has agreed a consumer price index (CPI) linked increase with Emerson taking their rent from £162,000 to £190,086, a rise of over £28,000 (17%).

Custodian Capital is currently raising funds for a property opportunity in Dudley, which is based on the town’s prestigious Castlegate Business Park. Leased by Premier Inn Hotels Ltd, the property is a 47 acre business and leisure development adjacent to the town.

Further information is available on the latest opportunities property web page.