This 50,000 sq ft factory let to Rolls Royce Plc is one of several cross sector assets Thames Bank were engaged to strategically manage on behalf of the Guildhall Funds.
In August 2011 a lease for 3 years certain was transformed into a brand new 20-year lease without break, on institutionally acceptable terms and the property was sold.
When we became involved this property was fully developed and let to a first class tenant. But the brevity of the lease had a significant depreciating impact on the value of the investment. We had to put our negotiating skills to work and were ultimately able to agree a very long lease extension with Rolls Royce.
Rolls Royce, Notts