West Ranga have considerable hands on experience of commercial property development and currently have appetite for opportunities.​
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​​​Whilst we prefer to be active on a particular development project at any one time, we appreciate that this sector is opportunity, location or occupier led and have the capability and flexibility to ramp up our development exposure.

​We would actively seek the following opportunities:​

• Pre-let or part pre-let development or refurbishments projects. 
• Investment properties with short expiry profiles with scope for refurbishment or redevelopment for alternative use.
• ​Speculative development opportunities where extremely strong market fundamentals underwrite letting risk. ​

​​We would be delighted to consider any opportunity £2.5M - £25M GDV across all sectors ​​

CURRENT DEVELOPMENT PROJECTS​
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26-32 Brunel Way, Thetford, Norfolk​

EXTERNAL - BEFORE

EXTERNAL - AFTER

• West Ranga purchased the Freehold interest in a vacant 36,464 sq ft industrial unit from Continental Tyres in December 2016.
• With a strong knowledge of the local occupier market, the team simultaneously agreed an AFL and Lease with DSG Limited (Dixons Carphone Warehouse) for 10 years on FRI terms.

Managing and undertaking a significant refurbishment of the property, Practical Completion was delivered in July 2017.

​​Prior to PC the investment was sold to a private pension fund for a price reflecting a NIY of 6.00%.
 
The project delivered a profit on cost of 20.35%, ungeared IRR of 67.16% and Geared IRR of 181.70%.
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INTERNAL - BEFORE

INTERNAL - AFTER