Platform: First Serviced Offices

Sector: Residential

Region: UK

Date of Initial Investment: 2003

Business Description: Purchased in 2003, along with the FSO management team, as a UK-based operator and owner of high-end serviced offices that sought to capitalize on the market arbitrage between long- and short-term leases. The operation was purchased from a motivated seller and sold in a bulk sale to a private institutional investor.