The portfolio comprises four retail warehouse schemes in Portsmouth; Walsall; Shipley and Bradford; an office building in Glasgow, a retail/office investment in Marlow and a high street shop in Peterborough. The total rent roll is in excess of £1.2million ($1.9 million) and over 33% is secured on leases with more than 15 years left to run.
Tiger Developments Director Martin Claisse said: "During our ownership we have added significantly to the value of these properties through a focused and interventionist approach to asset management and the sale will allow us to concentrate our portfolio expansion through the acquisition of larger growth assets and development stock."
Mason Drage advised Tiger Developments. Jones Lang LaSalle represented Mayfair Capital Partners.
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