Riverside Capital has completed on the sale of both assets within its DPD Portfolio for £20.20 million.
The sale of the portfolio to Aberdeen Standard Investments on behalf of the West Sussex County Council Pension Fund reflects a net initial yield of 3.84%, an 18% uplift on the March valuation.
Riverside Capital investors originally purchased the portfolio in December 2016 at £14.86 million. The sale, slightly ahead of schedule, will provide investors with an IRR of circa 9.50% after taking into account all sale and vehicle wind up costs.