The challenge was to identify and secure well located, prominent, modern commercial investments, secured against strong covenants, with above average returns.
Investment understood Pictons requirement to increase their individual lot sizes, whilst maintaining their philosophy of acquiring good quality, well located assets let off low rents with potential for income growth in the medium term.
The client required detailed market advice in order to complete the purchase of this highly prominent retail warehouse let to the undoubted covenant of B&Q PLC.
"Investment provided the solution: all of the market history, transactions and reports to then negotiate and secure the asset from the previous owners in an off market transaction. Without our first class market knowledge and ability to present a full reasoned supporting document to finalise the transaction the purchase would not have gone ahead." Graham Steel, Investment Director at Capita