11
PORTFOLIO REVIEW
Off market acquisition in May 2013 for £2.3m
Derelict site with development potential
Consent granted for 14 apartments and
47,000
sq ft office
Demolition by Christmas 2013
Residential sale Q2/14
Office marketing to commence Q1/14
Office ERV: £1.2m pa (at £26psf)
Redhill: low 1.8% vacancy of new build supply
Acquisition: Prospero, Redhill