FSP’s Real Estate team acts for South African investors in three investment property purchases
Michael Higgin has completed the purchase of three investment properties in three separate transactions for Capital Partners SA Industrial Limited, a South African owned property investment company, assisted by Gaye King and Vicky McDonald. The properties are a warehouse in Coventry let to a distribution company, a retail superstore in Littlehampton let to Sainsbury’s, and a City centre McDonalds store in Southend on Sea. All three properties have been acquired with part funding from Investec Bank plc.
Michael Higgin commented “These are a first investment into the English property market by The Keal Property Group, a group of companies with a long track record of successful property development and investment in South Africa and also Australia. It is very rewarding to help sophisticated investors into the English property market and in particular to help them through the differences in the legal and insurance environments.”
Mark Keal , Chief Operating Officer of The Keal Property Group said “ We are delighted to officially have a presence in the United Kingdom in which we plan on growing over the next few years. The Keal Property Group have been incredibly impressed with the professionalism of Michael Higgin and his team at FSP, and their thoroughness and the speed in which they worked to get the deals across the line.”