They have purchased two offices from Matrix Securities, both in Rotherham Deane Valley Business Park, alongside a Green’s Health and Fitness Centre in Newcastle from the Belgium Bank KBC. The two former Matrix Securities offices have already been let to Ikea and Trillium.
These acquisitions signal a change of strategy for Henleys - moving away from a residential focus and back into commercial deals. Henleys are looking for further equity to invest in further high yield special opportunities, with decent lease lengths and strong covenants.
"We felt the market turned in April this year – we’re now getting great leverage on these on commercial deals", comments Ian Rickwood, Henley Director. "We have two further deals in the pipeline, and are actively looking for further opportunities and investment to take advantage of great opportunities that are out there."