First Business Parks
Germany
In March 2015, Crossroads in a joint venture with Palmira, successfully established and rolled out a Germany focused multi-let light industrial platform, First Business Parks ("FBP")
A high quality light industrial portfolio was aggregated through six separate transactions from private sellers which were all sourced off-market. Through these selective acquisitions and hands on asset management, FBP established an industrial portfolio that provides for stable long term-income returns. Crossroads successfully exited the platform investment in September 2018.
THE PLATFORM
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Entrepreneurial and focused management team;
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Close and effective proprietary origination network enabled FBP to secure off-market opportunities and high occupancy rates
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In-house asset management team with extensive knowledge and experience in operating such asset class.
STRATEGY
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Focus on Germany’s core cities with attractive industrial fundamentals;
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Target income producing opportunities providing for double digit annual cash returns;
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Pursue a flexible investment model, enabling us to underwrite and execute fast, focused on risk adjusted returns; and
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Focus on meeting the defined acquisition criteria list to ensure stability of income and a viable exit.
