Palmer Capital

Palmer Capital has kicked of the year with a flurry of activity completing on c.£56m of acquisitions. These acquisitions comprise two assets. An off market industrial and office unit in Leamington Spa wholly occupied by Ricardo PLC for £15.4m reflecting a net initial yield of 5.2%. This was acquired on behalf of the Palmer Capital Income Fund. The second asset acquired on behalf of one of our Middle-Eastern clients, a retail warehouse let to B&Q PLC located in Hedge End, Southampton for £40.4m, reflecting a net initial yield of 6.6%. 

Palmer Capital have an additional £400m to deploy into UK Real Estate and is currently looking to acquire assets which are approx. £5m – £200m and play to the following three investment themes:

  • LONG DATED INCOME: Buying assets with >10 years of income with the ability to add value through management initiatives.
  • URBAN ASSET CREATION:  Acquiring UK urban assets that can be redeveloped into new residential (for sale or rent), PRS or office assets.
  • PLANNING GAIN: Acquiring primarily brownfield sites in major UK cities, where planning consents can be readily obtained for residential, and then sold

Top Recent Deals:


B&Q, Southampton (January 2018) 

Acquisition of B&Q retail warehouse located in one of the premier out-of-town retail locations in Hedge End, 5 miles from Southampton city centre for £40.4m for a Middle Eastern Client, reflecting a net initial yield of 6.6%.



Crompton Way, Manor Royal Industrial Estate, Crawley (November 2017)

The site, acquired for £5m, comprises 2.1 acres on the one of the South East’s most established and recognised industrial areas, prominently located 5 minutes from Gatwick Airport and in close proximity to both the M23 and M25.


Shepperton, South West London (December 2017)  

A 11-acre site in Shepperton, was acquired for £7.0m. Business plan is to to seek planning permission for residential and care home development.

If you have opportunities which fit the above requirements then do get in touch with:

Palmer Capital Q1 2018 Investment Requirements - c. £400m to deploy into UK Real Estate

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