APAM Delivers Profit on Winchester Property

APAM has arranged the sale of 147 High Street, Winchester for £1.1M to clients of Goadsby Ltd representing a net initial yield of 3.75%. The property is let to Zoe Jewellers on the ground floor with planning permission for two 1 bedroom residential apartments on the first and second floors. The property formed part of the Titan portfolio which was acquired in January 2015 for in excess of £250M by APAM on behalf of clients.
Mike Davies, Senior Asset Manager at APAM commented, “The sale of this asset produced a profitable exit on behalf of APAM’s clients following added value asset management activity on the upper parts. We are delighted with the outcome which exceeded original expectations.”

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