Investments
 
Meadow Portfolio
 
Location United Kingdom
Date acquired Acquired by Global Fund I in October 2002
Purchase price

US$195 million (100%)

Financial structure 95% joint venture with local operator
Description

The Meadow portfolio was leased and income producing and comprised 16 properties (10 office buildings and 6 industrial properties) located throughout the UK.

Investment strategy

A diverse range of assets required the preparation of individual tailored business plans for each asset focusing on growing income and value through lease renegotiation, renovation and capturing planning gain. The properties were sold individually and in groups as values were optimised.

Date sold

June 2003 - April 2005

   
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