- Latest venture with HSBC Specialist Fund Management(HSI)
In one of the largest transactions seen in West Sussex over the last two years,
Mulberry Investment Management(MIM) has been appointed investment manager in a
new venture with HSI following the purchase of a 300,000sq.ft(28,000sq.mt) warehouse
and industrial facility. A refurbishment/improvement and re-letting program is
planned to create a significant added-value element to this investment. Further
large scale projects are expected to follow during the next 18 months.
- New venture with PNH Properties Plc.
In a latest venture MPIM has teamed up with PNH Properties Plc to refurbish
a 42,000sq.ft (4000sq.mt) warehouse close to Newhaven port in East Sussex.
The completed scheme will provide a range of freehold and leasehold
warehouse units. Accommodation from 2,900sq.ft (270sq,mt) to 42,000sg.ft
(4000sq.mt) is now available with completion o0f the refurbishment anticipated
for summer 2007.
Stiles Harold Williams are the sale/letting agents 01273 876212.
- MPIM concludes it venture with HSBC subsidiary
Waldo Estates Ltd.
In October 2005 MPIM’s venture with HSBC subsidiary Waldo Estates
was closed out following the sale of its real estate holding. The venture,
sourced and managed by MPIM and funded & owned by Waldo Estates
proved an outstanding performer delivering a annualized rate of return
in excess of 60%.
- New residential property venture
In February 2006 Mulberry announced that it had committed to a new residential
venture focusing on regenerating sub-standard property with a target
return of 13%. The venture has now been concluded and has produced annualized
equity returns of 20.25%.
Photo: Jim Lowe F.B.I.P.P., F.R.P.S., Q.E.P.
Property Investment Management, 2007