Caisson Investment Management Advises Rockspring on Increase of M25 Industrial Weighting
Rockspring Hanover PUT, advised by Caisson Investment Management and represented by CBRE, has purchased the freehold investment of Units E3, E4 and W1, Oliver Close, West Thurrock (UK) from PRUPIM for around £7.0 million at a net initial yield of approximately 9.5%.
London, United Kingdom, October 24, 2011 --(PR.com)-- The 6.4 acre (2.59 hectare) estate, close to Junctions 30/31 of the M25 and part of the West Thurrock Industrial Estate comprises three industrial units and open storage land. Tenants include: Agility Logistics, The Secretary of State for Transport, and Menzies Distribution.
Rockspring's Paul Crosbie says: "With very strong covenants and an attractive yield this investment represents a good income producing asset for the Hanover fund."
Philip Stott of Caisson Investment Management adds: "The asset will provide a good day one secure income stream with some very attractive medium term active management opportunities."
PRUPIM was represented by Lewis Ellis.
About Caisson Investment management
Caisson is an independent investment management group offering services and solutions to both institutional and private investors wishing to access the real estate and alternative investment markets. The word Caisson alludes to a form of deep foundation used in complex projects, often in a challenging environment, where a bespoke innovative solution is required by the investor or funder.
As well as capital placement, Caisson provides active sustainable asset management. This vertical integration combined with the use of analytical and management Information & Communication Technologies (ICTs) assist in the quality and consistency of the investment management strategy. The key focus being the assets under management, delivering superior returns and providing a quality market leading service to each investor.
Caisson previously advised Rockspring on the acquisition of the 14-acre Court Lane Industrial Estate in Iver, Buckinghamshire, for £12.6m. The estate fronts the M25 near to Heathrow Airport and has tenants including Ontime, AFI Uplift, Q-Park and Iver Recycling.
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Rockspring's Paul Crosbie says: "With very strong covenants and an attractive yield this investment represents a good income producing asset for the Hanover fund."
Philip Stott of Caisson Investment Management adds: "The asset will provide a good day one secure income stream with some very attractive medium term active management opportunities."
PRUPIM was represented by Lewis Ellis.
About Caisson Investment management
Caisson is an independent investment management group offering services and solutions to both institutional and private investors wishing to access the real estate and alternative investment markets. The word Caisson alludes to a form of deep foundation used in complex projects, often in a challenging environment, where a bespoke innovative solution is required by the investor or funder.
As well as capital placement, Caisson provides active sustainable asset management. This vertical integration combined with the use of analytical and management Information & Communication Technologies (ICTs) assist in the quality and consistency of the investment management strategy. The key focus being the assets under management, delivering superior returns and providing a quality market leading service to each investor.
Caisson previously advised Rockspring on the acquisition of the 14-acre Court Lane Industrial Estate in Iver, Buckinghamshire, for £12.6m. The estate fronts the M25 near to Heathrow Airport and has tenants including Ontime, AFI Uplift, Q-Park and Iver Recycling.
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Contact
Caisson Investment Management
Andrew Barber
+44(0)2072809600
www.caisson-im.com
Andrew Barber
+44(0)2072809600
www.caisson-im.com
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