​West Ranga are extremely active in both the in-town and out-of-town retail markets with these sectors accounting for 25.00% of portfolio value.

The team will consider all opportunities but particularly seek the following;

• High quality, well located investment properties let to 5A1 tenants with long unexpired terms. 
• Opportunistic purchases where there is scope to add value through asset management in the short term (1-3 yrs) or where the company can take advantage of miss-pricing or a distressed position. 

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​​​We would be delighted to consider any opportunity between £2M - £10M.​

CURRENT RETAIL PROJECTS
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5-9 Murraygate, Dundee​

• Modern retail unit located in a prime position on Murraygate within Dundee City Centre 
• Purchased from LaSalle Investment Management in November 2016 for a price reflecting a NIY of 9.21% and RY of 10.42% (stepped rental)
• Let to Bon Marche Plc until 2022 

​With deep knowledge of the pitch, the team were attracted to the clean regular floorplate of this unit and the fact that the passing rent had been rebased from a historic tone of £100 ITZA to £46 ITZA. 

​Since purchase, there has been significant occupational activity on the street with further exciting news expected. 

​It is our view that this activity combined with the imminent opening of the V&A museum on Dundee’s Waterfront, will continue to strengthen the Murraygate in the short to medium term placing upward pressure on rents where they have been rebased.