News

Park Plaza, Bridgend

Fidelity are offering Parc Plaza, Bridgend for sale at £5.67 million, reflecting a net initial yield of 8.0%.

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B&Q, Trevenson Road, Camborne

Texton Property Fund has sold the B&Q in Camborne to Realty Income for £8.96 million reflecting a net initial yield of 6.6%.

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DFS, London Road, Maidstone

The Daily Mail Pension Fund have sold the DFS in Maidstone for £9.97 million reflecting a net initial yield of 9%.

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St Michaels Retail Park, Penzance

CPG are offering the Pets at Home, Mountain Warehouse and Costa in Penzance for sale at £4.612 million, reflecting a net initial yield of 6.5%. 

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B&Q, Currys and Easy Bathrooms, Chippenham

METROBOX are offering the B&Q, Currys and Easy Bathrooms in Chippenham for sale at £15.4 million, reflecting a net initial yield of 6.5%.

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Meteor Centre Retail Park, Derby

Ares are offering Meteor Centre Retail Park, Derby for sale for £28.95 million reflecting a net initial yield of 8.5%.

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B&M and ScS, Preston

CBRE Global Investors are offering the B&M and ScS, Mariners Way, Preston for sale for £6.14 million reflecting a net initial yield of 8.25%.

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Wickes, Hall Green, Birmingham

Eskmuir have bought the Wickes, Hall Green, Birmingham for £6.9 million, which shows an initial yield of 6.1%.

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Maskew Retail Park Peterborough

Patrizia have sold Maskew Retail Park, Peterborough to a private family trust.

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Cambridge Retail Park

RPMI Railpen, the investment manager for the £30bn railways pension scheme, has acquired Cambridge Retail Park for c.£100 million, representing a yield of 6.0%.

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Sainsbury’s, New Barnet, EN4

A private investor has bought the freehold interest in the Sainsbury’s foodstore in New Barnet for circa £50 million.

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B&Q Warehouse, Meir Park Interchange, Stoke-on-Trent

Realty income have bought the freehold interest in the B&Q Warehouse at Meir Park Interchange, Stoke on Trent for circa £22 million, reflecting an initial yield of circa 7.5%.

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Tritax Delancey Last Mile Retail Fund

Tritax and Delancey have successfully completed the acquisition of a second tranche of prime retail warehouse parks in Solihull, Horsham and Chippenham off-market from clients of Aberdeen Standard Investments for circa £100 million.

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B&Q – Tangent Link, Gallows Corner, Romford

Aberdeen Standard Investments have sold the B&Q, Tangent Link, Gallows Corner, Romford for £22.8 million reflecting an initial yield of 5.5%.

The property is a prime London retail warehouse fronting the A12 close to its junction with the A127 at Gallows Corner.

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Tritax Delancey Last Mile Retail Fund

Tritax and Delancey have acquired the prime retail warehouse parks in Guildford, Crawley and Luton from clients of Aberdeen Standard Investments for circa £200 million.

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London Road Retail Park, Newbury

Square Metre Asset Management have sold London Road Retail Park, Newbury.

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4D Cinema set to open at Rushden Lakes

Following the recent opening of the Eastern Terrace at Rushden Lakes (let to Wren Kitchens, AJ Cycles, Cotswold Outdoor, Decathlon and Hobbycraft), a new Cineworld multiplex is currently fitting out and is set to open in June 2019. The cinema will have a total of 14 screens, including a state of the art 4D screen.

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Binhamy Retail Park, Bude

Catesby Estates plc have successfully completed the sale of Binhamy Retail Park, Buck for £6.3 million, reflecting a net initial yield of 7.5%.

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Waterglade Retail Park, Clacton-on-Sea

Square Metre Asset Management have successfully completed the sale of Waterglade Retail Park, Clacton-on-Sea for £11.3 million, reflecting a net initial yield of 9.25%.

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Pasteur Retail Park, Great Yarmouth

Ediston Real Estate and Europa Capital Partners are offering Pasteur Retail Park, Great Yarmouth for sale for £21.334 million reflecting an initial yield of 6.5% and a modest capital value of £175 psf.

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Wren Kitchens, Swindon

The sale of the Wren Kitchens unit, Ashworth Road, Swindon has completed for £5.5 million, reflecting a net initial yield of 6.13%.

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Wren Kitchens, Aintree

The sale of the Wren Kitchens unit, Ormskirk Road, Aintree has completed for £5.35 million, reflecting a net initial yield of 6.39%.

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Greyhound Retail Park, Phase II, Chester

Gatehouse Bank have bought the freehold interest in Phase II of Greyhound Retail Park in Chester from Land Securities Plc for £67.25 million reflecting an initial yield of 6.16%.

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Great Western Retail Park, Glasgow

Sidra Capital have bought the heritable interest in the Great Western Retail Park, Glasgow for £57.85 million reflecting an initial yield of 6.5%.

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Wickes, Gipsy Lane, Swindon

Square Metre Asset Management have completed the sale of the Wickes, Gipsy Lane, Swindon to IM Properties for £14.918 million, reflecting a net initial yield of 5.65%.

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Four Pools Retail Park, Evesham

Square Metre Asset Management have completed the sale of Four Pools Retail Park, Evesham to Columbia Threadneedle for £18.6 million, reflecting a net initial yield of 5.85%.

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Mid Sussex Retail Park, Burgess Hill

Square Metre Asset Management have sold Mid Sussex Retail Park, Burgess Hill to clients of DTZ IM for £17.325 million reflecting a net initial yield of 4.7%.

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Sterling Furniture & ScS, Birkenshaw, Glasgow

Tonsley Investments have sold the Sterling Furniture and ScS retail warehouse units in Birkenshaw, Glasgow for sale for £3.235 million reflecting an initial yield of 7.7%, to Ediston for their Clydebuilt fund.

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The Crown Estate funds extension to MK1 Shopping Park

The Crown Estate are funding a 10,000 sq ft extension to MK1 Shopping Park in Milton Keynes for £8 million, reflecting an initial yield of 5.25%.

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Tesco, Metro Park West, Gateshead

Savills Investment Management have bought the freehold interest in the Tesco, Metro Park West, Gateshead for £33.667 million reflecting an initial yield of 5.56%.

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The Oaks Retail Park, Harlow

Private clients of Credit Suisse have bought the freehold interest in The Oaks Retail Park, Harlow for £30.1 million reflecting an initial yield of 6.29%.

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Halfords London Portfolio

Square Metre Asset Management have sold three south London retail warehouse investments, each let to Halfords, for £12.85 million reflecting a net initial yield of 5.32%.

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Standard Life sell Sainsbury’s in Hythe

Standard Life completed the sale of the Sainsbury’s foodstore in Hythe, Kent to clients of CBRE Global Investors for £26.4 million, reflecting a yield of 4.75%.

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Alecta Portfolio

Square Metre Asset Management and Goldman Sachs have bought the Alecta Portfolio, which comprises approximately £350 million of direct property holdings located across the UK. This included nine retail warehouse properties.

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Crossley Retail Park, Kidderminster

90 North are offering Crossley Retail Park, Kidderminster for sale for £46,000,000 reflecting a net initial yield of 6.62%.

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B&Q, Bugsby’s Way, Greenwich

A private investor has bought the freehold interest in the B&Q warehouse on the Greenwich Peninsular for £43.32 million reflecting a net initial yield of 4.85%.

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Sports Direct buys De Mandeville Gate Retail Park in Enfield

Sports Direct have bought the freehold interest in De Mandeville Gate Retail Park, Enfield for £24.6 million reflecting a net initial yield of 5.8%.

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Chester & Columbus sell Clyde Retail Park

Chester Properties and Columbus Capital have sold Clyde Retail Park, Clydebank, Glasgow to Valad’s European Diversified Fund for £17,100,000 reflecting a net initial yield of 7.29%

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Standard Life sell the Morrisons foodstore in Harrow

Standard Life have completed the sale of the Morrisons foodstore in Harrow to Investra for £28.4 million which reflects a net initial yield of 5.5%.

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The Crown Estate complete the purchase of Rushden Lakes Shopping Park

The Crown Estate have completed the purchase of Rushden Lakes Shopping Park, following LXB’s satisfaction of the pre-conditions.

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Aberdeen Asset Management sell Gallows Corner Retail Park, Romford, to Royal London

Aberdeen Asset Management have sold Gallows Corner Retail Park, Romford, to Royal London for £56,000,000, reflecting an initial yield of 5.17%.

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The Crown Estate buys KFC and McDonald’s at Stadium MK, Milton Keynes

The Crown Estate has bought two drive-thru restaurants, let to KFC and McDonalds, from Inter MK for £3.823 million reflecting a 6.28% initial yield.

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Savills Investment Management to fund Brocklebank Retail Park, Greenwich

The Charities Property Fund, which is managed by Savills IM, has committed to fund LXB’s Brocklebank Retail Park, Bugsby’s Way, Greenwich for £52 million.

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Westmount Real Estate & Credit Suisse buy Stour Retail Park, Canterbury

Credit Suisse and Westmount Real Estate have bought the freehold interest in Stour Retail Park, Canterbury for £23.8 million from M&G Real Estate reflecting a net initial yield of 5.5%.

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Aberdeen Asset Management acquire Isle of Wight B&Q

Aberdeen Asset Management, on behalf of the West Sussex Superannuation Fund, have acquired the freehold interest in the B&Q Newport, Isle of Wight for £23 million, reflecting a net initial yield of 5.9%.

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Savills Investment Management acquire Basingstoke Homebase

Savills Investment Management have acquired the Homebase at Winchester Road, Basingstoke for £17.275 million, reflecting a net initial yield of 6.09%.

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Ediston buy Abbey Retail Park, Daventry

Ediston Property Investment Company (EPIC) has exchanged contracts to buy the Abbey Retail Park, Daventry for £11.95 m from Threadneedle Property UK Select Fund, showing a 7.8% yield.

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Savills Investment Management sell Isle of Wight B&Q

Savills Investment Management have put the freehold of the B&Q Extra, Newport, Isle of Wight on the market for £22,905,000 reflecting a net initial yield of 6%.

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Frogmore buy West One Retail Park in Eccles

Frogmore Real Estate Partners III has bought the freehold interest in West One Retail Park, Eccles from Kilmona Holdings for £17.75 million.

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The Crown Estate to fund Rushden Lakes Shopping Park

The Crown Estate have committed to fund LXB’s £140 million Rushden Lakes Shopping Park in Rushden, Northamptonshire.

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