Commercial Sales and Lets



LondonMetric swoops on Next Distribution Warehouse

Posted on 30 June, 2015 by Chris Grigorovsky under Commercial Sales and Lets

LondonMetric Property has announced the acquisition of Next’s Doncaster distribution warehouse for £29 million, reflecting a net initial yield of 6.3per cent. The off-market purchase, from a private property company, will be funded from London Metric’s... Read More

Orchard Street snaps-up prime Bristol Office asset in £58 million Deal

Posted on 29 June, 2015 by Kirsten Kennedy under Commercial Sales and Lets

Orchard Street Investment Management has completed the purchase of 10 Templeback in Bristol city centre for £58.5 million. The waterfront office building, competed in 2008, was acquired from Benson Elliot on behalf of St James’s Place. 10... Read More

LaSalle buys 60 London Wall

Posted on by Neil Bird under Commercial Sales and Lets

LaSalle Investment Management has purchased the freehold interest in 60 London Wall on behalf of an overseas client. The confirmation of the acquisition comes in a joint statement from LaSalle and the vendor Deutsche Fonds Holding AG. The global real... Read More

AEW Europe adds Second City Office Block to UK Portfolio

Posted on by Cliff Goodwin under Commercial Sales and Lets

A leading European investment fund has made its second UK acquisition with the £18m purchase of a City of London office block. AEW Europe — which bought 65-68 Leadenhall Street on behalf of its Europe Value Investors Fund (EVI) — has not named the... Read More

Benson Elliot makes Barking Retail Investment as London moves East

Posted on 25 June, 2015 by Jodee Redmond under Commercial Sales and Lets

Benson Elliot has expanded its retail portfolio with the acquisition of the Vicarage Field Shopping Centre in Barking, from Northern Ireland-based JV Lagmar. The £35 million off-market purchase represents a net yield of 8.5 per cent. Vicarage Field is... Read More

L&G snaps up South East Office Portfolio

Posted on 24 June, 2015 by Cliff Goodwin under Commercial Sales and Lets

Legal & General Property (LGP) has paid more than £135m for a portfolio of six Home Counties office blocks. Collectively known as ‘Compass’ the package covers 452,233 sq ft of Grade A space. Previously owned by a private family office client... Read More

Schroders bags Hammersmith Shopping Centre

Posted on 23 June, 2015 by Neil Bird under Commercial Sales and Lets

Schroder UK Real Estate Fund (SREF) has today announced the off-market purchase of a portfolio of assets in Hammersmith from the Matterhorn Palos Partnership for £153 million. The acquisition comprises the 340,000 sq ft Kings Mall Shopping Centre, the... Read More

Council’s Trading Estate Purchase unlocks Hereford Development Land

Posted on 22 June, 2015 by Cliff Goodwin under Commercial Developments, Commercial Sales and Lets

A county council has paid just under £2m for a West Midlands trading estate. The purchase of the 21-unit site also unlocks access to an adjoining plot already earmarked for industrial development. The Herefordshire county authority has already... Read More

Real Estate Investors on track to grow Portfolio to over £200m

Posted on 19 June, 2015 by Kirsten Kennedy under Commercial Sales and Lets

Birmingham based property group Real Estate Investors Plc (REI) has pursued a strategy of acquiring assets of strong future value since making its successful £45 million placing in April of this year, and is furthering its target to grow the value of its... Read More

European Commercial Property Investment breaks 2007 Record

Posted on 17 June, 2015 by Cliff Goodwin under Commercial Sales and Lets, Industry News

The value of European commercial real estate investments hit a new high of €3.4tn (£2.4tn) last year — pushing it well beyond the 2007 pre-recession peak. According to DTZ’s 41st annual Money into Property the 2014 increase equated to a... Read More