Mixed Portfolio,
Exeter, Glasgow, Yeovil, Leeds

Acquired - 13/9/02, price - £9.15 million

7 properties, spread across the UK, comprising 3 industrial estates, 2 single industrial units and 2 shops. Our aim was to re-let the buildings at higher rents. This strategy was projected to produce a profit of £2.88million, an IRR in excess of 20%. Profits in excess of £3.0 million.