IBUS has finalized the placement of a fund which invests in four British high street retail properties. The shares in the fund were fully placed, whereby the investors consist of a limited number of high net worth individuals and family offices. The invested capital amounts to around GBP 13.0 million (approx. 14.4 mln.).
The properties are located on the prime pitch of four mid-sized British cities in the greater London area. The properties are let to leading retail chains that operate on a national level in the UK.
Pepijn Morshuis, Managing Director of IBUS: "We are delighted with this transaction. The UK property market currently offers good investment opportunities for investors with a longer term view. Property prices declined by some 50% from their peak in 2007, whereby the first signs of a recovery have been recorded. The short term risks are manageable due to the quality of our tenants and locations, even if the UK economy would remain subdued for some time. It is our ambition to do similar transactions with high quality property in our core markets in Europe and the US in the period to come."