In an off-market deal negotiated directly with the developer. Delph were offered the opportunity to acquire bulk stock in the prestigiously located Eclipse apartment tower at Cabot Circus, within the thriving Bristol city centre. Delph recognized the potential for strong rental yields in this prominent Bristol location.
During negotiation, it was revealed the developer was also holding unsold stock at the recently completed Horizon development located adjacent to Eclipse. Having already purchased 25 units in the Horizon development a few years earlier, Delph was able to act swiftly to include the additional 28 units at Horizon with the 25 units at Eclipse. The new deal enabled the developer to be released of all remaining property holdings and financial obligations from both developments.