Trans­form­ing prop­erty as­sets

Yorkshire Post - Business - - COMMERCIAL PROPERTY -

CITIVALE IS of­ten brought in by prop­erty own­ers to man­age as­sets that are strug­gling or need time spend­ing on them at a lo­cal level.

The com­pany, which re­ports to pen­sion funds in Lon­don, cur­rently has over 35 com­mer­cial prop­erty as­sets across the UK worth in ex­cess of £200m in­clud­ing dis­tri­bu­tion units on the M62, South Elm­sall, El­land and Hull in York­shire and de­vel­op­ments and in­ter­ests in Scot­land.

Its as­sets un­der man­age­ment are in joint ven­tures and on be­half of a num­ber of in­sti­tu­tional in­vestors.

Citivale spe­cialises in trans­form­ing sec­ondary as­sets into prime in­vest­ment op­por­tu­ni­ties.

It buys multi-let es­tates up to £10m in value and re­fur­bishes them to in­crease the value.

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