5 year track record Hermes Holdings Estate Limited
In 2010, Hermes Holdings Estate Limited (“Hermes”) was structured as an incorporated syndicate of international high net worth investors to take advantage of favourable UK property market conditions and establish a portfolio of UK commercial property investments.
Today, 5 years after commencement, we are happy to review the final performance and calculate the final results.
Hermes acquired 10 properties to create a diversified investment portfolio. The assets are primarily located in Soho and Covent Garden; areas which have seen significant growth rental and capital growth.
Each property showed uplift in value with overall return of 143.1%. Some objects achieved over 250% return, as indicated below.
Asset Management Initiatives:
Enhancing capital value by obtaining consent for a higher value use:
- South Molton Street – conversion of upper floors from office to residential
Creating additional area:
- South Molton Street – obtained consent and then built additional floor
Securing high rent review settlements:
- Poland Street from £155,000 pa to £206,750 pa – 5.9% pa annualised
- Strand from £135,000 pa to £187,000 pa – 6.7% pa annualized
Tenant Management:
- Increased rent at 72 Wardour Street from £32,250 per annum to £60,000 per annum
Successes:
Hermes has delivered spectacular capital growth, delivering to the investors a net annualised ROI of 29%. Few, if any, peer funds in any market can be proud of similar results.
CCRE continues to successfully manage and launch London real estate funds, offering a rewarding relationship from which our HNW clients can gain and prosper.
Please download Hermes Track Record Brochure here>>>
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Hermes 5 years track record.pdf | 892.26 Kb |