London – 4 August 2021 – UK-based real estate investment firm CRE Group is pleased to announce that investors in our first European credit tenant sale-and-leaseback fund, known as the CRE Preservation & Income Fund, CPI 1, have now received back more than 90% of their initial capital. With the sales of the remaining two investments well advanced, we look forward to a successful conclusion for investors. Investors have continued to receive their 8% annual distribution on a quarterly basis during COVID.
The strategy of CPI 1 was to acquire commercial real estate let on a long-term occupational lease to credit-worthy tenants. During COVID, all of the assets owned by CPI 1 remained open and rent was paid reflecting the critical nature of the assets to the tenants.
Editor’s note: CRE Group is a boutique real estate investment management firm with c$500m in assets under management, a team of 15, and investments in real estate markets around the world.