March 2013: The Palmhurst Group has continued its on-going acquisition drive by acquiring the freehold of Clock Court, Hermon Hill, Wanstead, London E11. The development comprises 66 luxury residential apartments, all let to professional tenants . The purchase price equates to a yield of 7% and has an open market value in excess of £8m.
February 2013: Palmhurst Residential Property Fund expanded to its existing portfolio and has completed the acquisition of a further 7 apartments within Regency Court, South Woodford, London, E18. The luxury dwellings are located within walking distance of South Woodford tube and the High Street. All are let on AST agreements to professional tenants and are to be retained within The Funds residential investment portfolio. The market value of our properties within The Regency is currently in excess of £9.5m.
January 2013: The Palmhurst Group has commenced 2013 with the acquisition of a Victorian residential building located in Edge Hill, Wimbledon Village, SW19.