News

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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