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Press Release
Date: July 2006
£20M Acquisitions for CPLP II
CapReal LLP has advised Capital Property II Ltd Partnership [“CPLPII”] on three property acquisitions with a
gross value of approx. £20M following the first closing of the Fund in December 2005. The assets include an
110,000sqft (10,200sqm) industrial/warehouse property in Southampton with a 20 year income stream, a 32,700sqft
(3,038sqm) prominent multi-let office building in central Norwich and a 32,600sqft (3,027sqm) pre-let office
development in Peterborough.
Nick Judd, a Founder Partner of CapReal comments – “the new fund has acquired assets with an appropriate
blend of risk and opportunity and the ability to pay a decent income return to Limited Partners.” He added…“last
year we advised on approx £90M of purchases and sales achieving 100% exit for the previous fund, CPLP, and
2006 has got off to a promising start.” CBRE introduced the investment properties to CapReal and acted
throughout the purchases.
The Second Closing took place in June giving the Fund with syndication firepower in excess of £150m. Esme
Lowe, a Founder Partner of CapReal comments – “our track record in delivering good returns has resulted in
independent equity commitments to CPLP II increasing by approx. +247% with 70% of the previous investors
already recommitting.” He added…“the objectives of CPLPII – income and growth based on a blended lower risk
approach – has resonance with the fund’s target clients.” CapReal is a JV between management and the Capital
Trust Group (“CTG”) which is already marketing the new fund and has subscribed £5m.
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