Summary
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%.
  

---