Portfolio Holdings

Portfolio Holdings was established in 1993 to exploit cyclical opportunities in the UK commercial real estate market. Its acquisition strategy primarily focused on portfolios, significant single assets and landmark properties, development, refurbishment and management opportunities. The business joint ventured with financial partners including Apollo Real Estate, GE Capital Corporation, Deutsche Bank, Pelham Partners and Goldman Sachs’ Whitehall Fund.

The total fund size was £150 million and was ultimately sold to Apollo Real Estate (Now AREA Property Partners). The investment generated an IRR of 35% and 3.2 x equity multiple.