Roger Hannah & Co. have been instructed on behalf of a family trust to acquire investment property across the North West. The Trust has between £7 million and £11 million to invest, and with funding, the funds available are likely to be up to £20 million. The objective is to establish a £1 million rental income within a short period of time through the acquisition of a range of investment properties, from secure retail investments to multi-let industrial estates.
Simon Cook, director of Roger Hannah & Co., commented on the instruction:
“Our appointment shows an improved level of confidence in the commercial property market and confidence that we can unearth the right opportunities. We expect to be actively launching the requirement at the start of 2016, but we will be considering acquisition opportunities from the autumn onwards.”