APAM Arranges Sale of Yeovil Property for 'Titan' Profit

APAM has arranged the sale of 27 Middle Street, Yeovil (which includes 4-6 Frederick Place) for £1.4125M to the new owners of the Quedam Centre only 6 months after acquiring it as part of a the project Titan Portfolio.
The property totals 11, 042 sq ft with the unit on Middle Street let to C&J Clarke for 10 years at £78,650 pa with sub 5 ½ years unexpired. The remaining space on Frederick Place totalling 7,542 sq ft is vacant.
Adam Hyman, Senior Asset Manager at APAM commented, “The sale of this asset to Benson Elliot as adjoining owners of the Quedam Centre has presented an excellent opportunity for APAM’s client to achieve an early exit of a difficult to let property at a premium price. We are delighted with the result which fits in well with our overall asset management strategy.”

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