Investment

The Townhouse, Glasgow

  The Townhouse, Buchanan Street, Glasgow
Investment Details

Description

We acquired this property in September 2013.  A Grade A Listed attractive building located in the number 2 retail location in the UK on Buchanan Street in, Glasgow and benefits from 91m visitors a year. The complete unit is under lease to the Thai Leisure Group, a restaurant operator trading as Chao Phraya until 2032.

Business Plan

A long-term hold of a prime asset. Held on a long lease with inflation linked reviews, the Tenant completed an extensive refurbishment of the property.

Further to an unsolicited offer in April 2016 the Property was sold.

Exited Investment

Investment Period

2 years

Ungeared IRR

23.2%

Equity Multiple

1.52x

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