Local Retail Partnership (Ashbourne)
A centre developed in the 1980s comprising eight retail units, two supermarkets and self-contained office accommodation
Date
October 2000
Transaction Size
£ 50m (Total transaction size for LRP)
Principal Investor
HSBC Property Investments Ltd
Accomplishments
Rental income increased through completing rent reviews and a lease renewal
Units were sold off individually to tenants, investors or through the auction room
Exit & Returns
Sold 15 months ahead of business plan
IRR of 32% (levered) excluding income
