National Investment Team Acquire The Hawk Portfolio for Hermes (11/01/2010)

On behalf of the BT pension scheme

National Investments have acquired The Hawk Portfolio for Hermes on behalf of the BT pension scheme.

The portfolio comprises 18 properties across the UK (from Bognor Regis to Edinburgh, and many in between). There are over 100 tenancies in 600,000 sq ft and the income produced is approximately £4.45 million per annum.

The transaction was amazingly concluded in only 14 working days at a price of £55,169,000 which reflects a yield of 7.7%.  This was the first purchase for Hermes as a house for two-and-half years.

For further information please contact:

Scott Tyler
Equity Partner
Allsop
DL  +44 (0)20 7543 6719
Email scott.tyler@allsop.co.uk