Wulstan Capital agrees banking facility. 11/14.

 

Wulstan Capital has agreed a new facility with Lloyds Banking Group.

The 3 year facility is secured against 6 properties with a total value of £6.4m.

 

Wulstan Capital buys a further Tesco store. 11/14.

 

Wulstan Capital has completed the purchase of a new build Tesco store on Woodsetts Road, North Anston at a yield of 7%.

The unit is let for 20 years with fixed rent increases every 5 years in line with RPI.

FSP and Shoosmiths acted for Wulstan.

 

Wulstan Capital makes fourth purchase for 2nd Opportunities Fund. 09/14.

 

Wulstan Capital has purchased an office building on Pendeford Business Park, Wolverhampton.

The building is let to Toyota Material Handling UK Ltd on a new 10 year lease.

Spratt Endicott represented Wulstan.

 

Wulstan completes a further letting at Leamington. 08/14.

 

Wulstan Capital has let a further unit at its Leamington industrial estate to Trelawny SPT on a 10 year lease with a 6 year break.

Since the property was purchased in October 2013 the total rent on the estate has risen by 46% and the capital value by 49%.

Wareing & Co and Shoosmiths acted for Wulstan.

 

1st Opportunities Fund Annual Income Return. 06/14.

 

The 1st Wulstan Capital UK Opportunities Fund has delivered a net annual income return of 8.00% for the year to April 2014.

This is in line with last year's figure of 8.06% and ahead of the initial target of 4.5% pa.

 

Michael Tussaud. 06/14.

 

It is with great sadness that the partners of Wulstan Capital Management LLP announce the death of Michael Tussaud on 27th May after a short illness.

Michael was instrumental in the formation of Wulstan Capital and specifically the 1st Opportunities Fund.

Michael will be greatly missed by all those who worked with him.

 

Tesco Purchase. 06/14.

 

Wulstan Capital has exchanged contracts on a new build Tesco store on Codsall Road, Wolverhampton at a yield of 6.2%.

The unit is let for 20 years with fixed rent increases every 5 years in line with RPI.

Santander Corporate Banking provided debt on the deal.

Farrer & Co and Shortland Penn and Moore acted for Wulstan.

 

Further Banking Facility Agreed. 05/14.

 

Wulstan Capital has agreed a banking facility with Lloyds Banking Group.

The 3 year facility is secured against 4 properties with a total value of £2.4m.

 

Site in Worcester Purchased. 05/14.

 

Wulstan Capital has purchased a site in Worcester at a yield of 5.9%.

The site is let to Hanson Quarry Products Europe Ltd on a new 20 year lease with annual fixed rent increases in line with RPI.

Shoosmiths acted for Wulstan.

 

Kilmarnock Acquisition. 05/14.

 

Wulstan Capital has purchased a refurbished industrial unit in Kilmarnock at a yield of 8%.

The unit is let to Scottish Power UK PLC on a new 15 year lease.

Henderson Herd and Shoosmiths acted for Wulstan.

 

First Deal for 2nd Opportunities Fund. 05/14.

 

Wulstan Capital has purchased a refurbished trade counter unit in Mexborough at a yield of 7.3%.

The unit is let to Howden Joinery Ltd on a new 15 year lease.

Wulstan also purchased the adjacent site which has planning permission for a 4,500 sq ft industrial unit.

FSP and Shoosmiths acted for Wulstan.

 

Leamington Letting. 02/14.

 

Wulstan Capital has let unit 28 Longfield Road, Sydenham Industrial Estate.

Trelawny SPT have taken a 10 year lease with a 6 year break option.

The estate is now fully let and produces an annual income return of in excess of 12%.

Shoosmiths and Wareing & Co represented Wulstan.