Portfolio Acquisition Cyclone
Sovereign Land established the Cyclone Limited Partnership with GE Capital Real Estate in 2001 to acquire a portfolio of 19 properties for £25m.
- Assets included Interchange Park, a 200,000 sq ft industrial park near Portsmouth
- Sovereign Land implemented an intensive and highly successful asset management strategy
- By 2004 the entire portfolio had been sold, giving an IRR of 40% per annum