Farm Street Capital has two requirements.
Opportunistic.
Short-term income with asset management opportunities. Core locations; close to station / transport hubs / University, within CBD or 80-100% prime pitch. Potential to increase massing on site, regear / relet or reposition asset including planning / full redevelopment. Target hold period of 3-5 years.
Income.
Medium-term income (7-12 years) where the investment value is fully underpinned by the site’s residual value. We can take a view on sector and tenant covenant strength, or work with an owner-occupier as part of a managed exit strategy. We will take on the full planning risk and happy to wait for vacant possession.
We will then assess each opportunity against the 3 investment criteria below:
Location.
Greater London and inside M25 (West End / City unlikely with exception of City Fringe / Aldgate);
Core UK Cities including (but not exclusively) Birmingham, Bristol, Brighton, Manchester, Edinburgh, Leeds, Oxford-Cambridge Arc;
Top 50 Cities, Times Good University Guide.
Sector.
We invest across all sectors, with particular experience in Mixed Use buildings offering a range of tenants and uses. We have a strong interest currently in High Street Retail, Retail Warehousing, Student and good commuter-belt Town Centre Offices as well as prominent roadside opportunities.
Lot Size.
Our ideal target lot size is £8m - £12m, however, we will consider all opportunities above £3m and through JV’s with our investment partners can go to £20m for an individual asset purchase.
All purchases are wholly in cash with no recourse to 3rd party finance.
