Nigerian Firm Breaks Into UK’s Airport Real Estate

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One of the leading
property investment consultancy firms in Nigeria; Wrothams Windsor has expanded its investment, with the latest entry into the United Kingdom’s airport parking real estate product.
The investment is said to be a standpoint to enable clients to invest in a UK airport long-term parking real estate product; as stated by the Managing Director of the firm, Richard Vedelago.
According to a statement from the firm, the airport parking property is located at Galsgow International Airport, which in July 2014, had its busiest July ever in terms of Car Park revenue with this current investment, averaging a 96 per cent occupancy rate.
A statement from the company opined that this trend is set to continue with passenger numbers forecast to soar from 7.1 million in 2014 to 24 million by 2030 and that this product is a long-term, asset-back, income-generating commercial property, which has excellent projected capital growth.
According to the statement, “The spaces at Glasgow Airport are currently selling for £25,000, giving investors immediate upside on their investments. As with all UK property purchases, the investor receives a Title Deed Registered at the Land Registry.
“The revenue from the parking space generates the yield – it is that simple supply and demand in years  one and two, the net yield is guaranteed at 8 per cent per annum which is paid annually in advance. It is then expected to rise to 10 per cent in years three and four and surpass 12 per cent in years five and six.
“In year five, investors have the opportunity to enter a buy-back scheme at the original price paid, making this a very secure investment for client,” it added.
Release from the firm further states that the firm, which is pioneering property investment consultancy in West Africa, is predominantly focused on providing international high yielding property investment for its clients.