Southern Industrial Redevelopments Ltd

Private property investment company acquired in June 2004 from a private individual for £25.7m; a yield of 7.5% with a 30% vacancy rate. Portfolio extended to 735,000 sq ft across 24 industrial estates in Bridgewater, Swindon, West-Super-Mare and Taunton.

A large number of minor refurbishments, lettings and sales to occupiers were completed and the last asset was sold in November 2009 resulting in an aggregate exit price of £34.7 million.

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