| |
|
| |
DevCap: A property development company in the
U.K. |
 |
 Placement Agent |
 Co-Sponsor and Investment
Manager |
 Co-Sponsor and Asset
Manager | |
Highlights
 |
Expected Total Equity
Capitalisation: £35 million. |
|
Targeted Gross Return on
Investors' Equity: 18-20% per annum. |
|
Diversified asset types,
including office, retail, and industrial. |
|
Exit Options, upon achieving
a successful trading record and subject to market
conditions, include an IPO or sale. |
|
Three contracted
developments as of October 2007 with an equity
commitment of approximately £10.05 million. |
|
Location |
Norden Road
Maidenhead |
Berkshire
Business Park |
Letchworth |
Asset
Class |
M4 Office |
Industrial Estate |
Industrial Estate |
Status |
Contracted |
Contracted |
Contracted |
Development Partner |
Terrace Hill |
Easter |
Space |
End Value
(JLL Appraisal) |
£62.1m |
£17.8m |
£10.9m |
DevCap
Share |
42% Pre Planning
74% Post
Planning3 |
75% |
90% |
Indicative
Scheme
Return on Cost |
15% |
17% |
18% |
DevCap
Equity |
£6m |
£2.25m |
£1.8m |
Indicative
DevCap
Return on Equity |
60% |
43% |
23% | |
| |
| |
Vanwall Business Park,
Maidenhead
Prime office development site of
3.7 acres within two miles of the M4 motorway and 30
miles of London. Nearby occupiers include Siemens,
Wyeth and Associated British Foods. Site development to
provide 120,000 sq. ft. of high grade offices in two
buildings with associated car
parking.
Development Partner: Terrace
Hill
Berkshire Business Park,
Aldermaston
Industrial
development site of 7.5 acres within 7 miles of junction
12 of the M4 motorway and close to Reading, Basingstoke
and Newbury. Site development to provide 139,000
sq. ft. of industrial accommodation in four 12-unit
terraces.
Development Partner: The Easter
Group
Letchworth
LLP
Two industrial
development sites comprising a total of almost 4.5 acres
and a mix of 1,500-2,100 sq. ft. units and land sales to
owner occupiers.
Development Partner: Space
Property Limited
|
|
DevCap has a planned roling
development program of apx. £ 200 million (with 90
million already in place) to be undertaken
directly or in joint ventures with established
reputable developers.
|
 | |
| For further information,
please contact the Real Estate Department at +973 17-549-494. |
|
| TAIB Bank is the Principal
Founding Shareholder of Acacia, a real estate investment
company that focuses on income producing properties and select
development projects in the U.S., Europe, as well as Turkey, India, the GCC Countries and
other emerging markets. For more information, contact (+973) 17-549-392. |
| |
|
 |
