Regional investment focus
Posted on: 5 February, 2019
Monument is now working with a leading European private equity investor on value-add real estate opportunities in Yorkshire and the North East of England.
Monument will be the nominated operating partner and local asset manager whilst also co-investing alongside the private equity investor.
The main criteria of this investment requirement are:
-
-
- individual transactions from £4m to £15m;
- properties in all core real estate classes, including offices, retail, industrial and residential; and
- focused specifically on assets in the North East and Yorkshire.
-
The targeted returns of the investor are for an opportunistic internal rate of returns which determines that each investment must have some of the following attributes:
-
-
-
- aggressive asset management potential;
- >9% net initial yields; and
- potential to use planning system to change use or tenant mix of building.
-
-
Tom Wooldridge, executive director at Monument, commented “We are pleased to have secured the confidence of a major private equity investor for regional opportunities in Yorkshire and the North East. We worked with them on a few opportunities in the latter part of 2018 and are pleased to have their support with their ongoing equity commitment”.