The portfolio currently produces a total rental income of £1.675million ($2.65 million) per annum, but with ten rent reviewsoutstanding. Overall, the 30 tenancies have an average of 10 yearsunexpired. Tenants include Orange; Boots the Chemist; WH Smith;TieRack; Carphone Warehouse and Body Shop.

Ibus is a privately owned Dutch investment company with assetsin the UK; USA; France and the Netherlands. Over the last 12 monthsit has sold all of its UK office investments, raising £17 million($27 million). Its UK investment portfolio now comprises £20million ($32 million) of residential investments; a £4 million ($6million) residential development site and the newly acquired £23million ($36 million) retail portfolio.

CB Hillier Parker advised The IBUS Company, while ScottishWidows was advised by Lewis Ellis.

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