Camden Wharf Sold - 98% Return on Equity
Camden Wharf was sold on 10 January 2007 for £31.5m, generating a return on equity of 98% and an IRR of 19%. Investors have almost doubled their money.
Camden Wharf is a mixed use property that was acquired for clients in April 2002 for £24.9m (using £4.96m of equity and £20m of debt).
A distribution of approximately £9.8m will be repaid to investors.
CAMDEN WHARF FACTS
Purchased:
Sold:
IRR:
ROE: |
April 2002 - £24.9m
January 2007 - £31.5m
19%
98%
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For further information:
Please click here, contact your Relationship Manager or
Debbie Renouf on +44 (0)20 291 3200 or
email Debbie at drenouf@credogroup.com
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Important Notice
Investors should be aware that an investment in Credo Properties is regarded as a non-readily realisable investment. It may be difficult to sell shares at a reasonable price and, in some circumstances, it may be difficult to sell shares at any price. Past performance is not a guide to future performance. Market movements may cause the value of an investment to go down as well as up, and you may not get back the amount invested. The suitability of the investment for investors depends upon their circumstances and they should take advice before investing. |
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