APAM nets in excess of £20 million from flurry of High Street retails sales

APAM has sold five high street retail investments, which were acquired in 2015 as part of the Toucan and Peacock portfolios funded by Värde Partners.
A private investor has purchased 19-21 Albion Place in Leeds for £3.5 million, which reflected a net initial yield of 5%. The private investor was represented by Polestar Asset Management.
This has been followed by the sale of 20-22 Queen Street, Cardiff, to a property company for £2.1 million – a net initial yield of 7.19%.
A family trust has bought two assets; 12 Culver Street West, Colchester for £6.5 million – a 5.71% and 24 Broad Street, Reading, for £4.7 million – a 4.33% yield, while 202 High Street, Lincoln, was sold to a private investor for £3.1 million, reflecting a net initial yield of 4.5%.
Simon Cooke, director at APAM, said: ‘These sales have produced a profitable exit over a short period of time and provide further evidence of the merit in investing in the UK retail sector.”
GCW advised APAM and Värde Partners.

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