TC GROUP’S PROPERTY TEAM ADVISES ON £11.6 MILLION ISLE OF WIGHT PORTFOLIO SALE

TC Group’s dedicated in-house Property team has advised on the successful £11.6 million sale of The Needles Portfolio, a substantial investment portfolio located across the Isle of Wight.

The portfolio is primarily made up of residential investment property, alongside a smaller commercial element. It produces gross rental income of approximately £925,000 per annum, providing an established and diversified income stream from assets across the island.

The agreed consideration reflects an approximate yield of 7.9%, demonstrating continued investor demand for large, income-producing residential portfolios with opportunities for long-term asset management and growth.

The transaction involved numerous property interests and occupational tenancies, requiring detailed legal due diligence, valuation work and sustained coordination between the client, legal advisors, managing agents and other professional teams. TC Group’s Property team remained closely involved throughout, helping to maintain momentum and support the sale through to completion.

Tom Dymond, Partner – Head of Property at TC Group, said: “This was a significant and highly rewarding instruction. The portfolio represented a substantial residential investment holding and required a proactive, commercial and hands-on approach throughout.

“A considerable amount of work took place behind the scenes to navigate the legal and practical challenges presented by a portfolio of this scale, and we’re delighted to have delivered a successful outcome for our client.

“The deal demonstrates the depth of expertise within our dedicated Property team and our ability to manage complex investment and portfolio transactions, alongside the continued appeal of well-established residential investment assets.”