Fladgate advises fund on £32.5m sale of IHG Headquarters in Buckinghamshire

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Fladgate LLP has advised longstanding client Tritax, in their capacity as asset managers for a property owning syndicate, in respect of the sale of the IHG Headquarters Building in Denham, Buckinghamshire.

Fladgate assisted Tritax with the setting up of the syndicate 18 months ago and acquisition of the IHG building. The building was subsequently sold in October of this year for a price in excess of £32.5m, a considerable increase on the price paid.

Real estate funds partner, Philip Turner, who led the team on this transaction has acted for Tritax for over five years and commented: “This deal is an indication of how an asset manager such as Tritax can, even in a difficult market, source decent stock and dispose of it, achieving a considerable uplift in capital value which resulted in a return of equity in excess of 20 per cent to investors”.

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