CIT Snapshot
Behind these figures are all the individual buildings whose value we have enhanced using a variety of strategies.
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Over 15 years we have acquired 148 properties representing an aggregate value of over £3billion (€3.6 billion).
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Our value-enhancing strategies have produced an annualised investor IRR of 22.2%, net of all fees and taxes, on approximately £2.1 billion of European property sold, as at June 2010.
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Our average hold period is 44 months.
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We're active on the Continent, with over €525 million of investments to date.
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As well as our direct investments, we currently have three blind funds under management, totalling over €500 million of committed capital.
Case Study
South Quay Plaza, E14
South Quay Plaza consists of South Quay Plaza II, a Retail Arcade and Wyndham House. The office space is fully let. CIT nearly doubled the average rent within 12 months of purchase. Read more »
Investments
CIT is an active manager of real estate. Sometimes we refurbish; sometimes we develop; sometimes we upgrade the tenant mix; sometimes we reposition. Above all, we add value. Our portfolio currently ... Read more »
CIT's strong management team has the financial and asset management skills required to outperform. Investors benefit from their proactive approach and communication skills.
Quentin Burgess, Hermes Pensions Management
