Riverside Capital and Connection Capital together with the Cubic Property Fund which is listed in the Channel Islands,have acquired an 81.86% stake in Merchant Property Unit Trust “IMPUT”, which owns a portfolio of 35 trade park units in the UK that are let to building merchants Travis Perkins. The remaining minority stake is held by Travis Perkins and Colliers International.
Connection Capital clients have invested £5.8m of equity with the balance of £6.5m provided by the Cubic Property Fund. Senior debt of £21.695m was made available by Royal Bank of Scotland to refinance the portfolio, arranged for Riverside Capital by Altea Partners.
View More
Property investment and asset management company, Riverside Capital, together with its private equity partners, Connection Capital, today announce the acquisition of a purpose-built Virgin Active health and fitness club located in the heart of Derby.
The opportunity to acquire the property was introduced by Riverside Capital to Connection Capital – investor network, which comprises more than 750 private investors and family offices.
View More
Riverside Capital has appointed former Drivers Jonas CEO, Nick Shepherd. as a non-executive director to the group Board. The appointment is effective immediately, and he joins co-founders, Andy Taylor and Dominic Wright and fellow non-executives, Rick Abbott and Robert Hannington. He will also join the firm’s Investment Committee.
Mr Shepherd has over 30 years’ experience as a UK property advisor, operating at the highest levels in both the private and public sectors. Working primarily in London, but also advising on investments across the UK, he is experienced in asset management, development, investment and occupational work.
View More
