Caisson IM, backed by a global institution, has made the first purchase as part of a recently agreed multi-let industrial (MLI) mandate. The acquisition of The Exchange, Ransome Industrial Estate is the keystone of what will be a well-diversified portfolio of MLI estates.
The Exchange is located in Ipswich, benefitting from excellent road links and proximity to Felixstowe Port. It comprises 107,000 sq ft, has eight units and is let to five well capitalised tenants, including Royal Mail Group.
Caisson IM were advised by DTRE, Coke Gearing, Osbourne Clark and Workman. Savills represented the vendor.
James Burgess, Acquisitions Manager at Caisson Investment Management, commented: “The purchase of The Exchange is the perfect way to get off the mark on behalf of a well-known and respected institution. The excellent location, minimal credit risk and asset management opportunities provide a useful template for future acquisitions for this mandate. We continue to target similar opportunities.”
