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Out of Town Investment
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Acting on behalf of Norwich Property Investment Fund, Chase & Partners introduced, negotiated and finalised the purchase of a retail warehouse investment at Rose Lane, Barnstaple let to Homebase Limited on a lease held on a full repairing and insuring based lease expiring 24 June 2025.
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This purchase was undertaken at a difficult time in the investment market with uncertainties arising on its sustainability and depressed future rental growth predictions. Chase & Partners was able to advise on the analysis of the evidence and a comprehensive investigation of competition factors which allowed the true opportunities for growth to be identified through active asset management.
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This transaction required the full knowledge of all Chase & Partners’s activities in the retail warehouse market so as to extract a rationale for purchase which could be considered in a positive manner, as opposed to simply having regard to more traditional investment criteria and analysis.
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