Latest News

Golfrate buys Southend offices

Estates Gazette 25.05.2007

Golfrate has purchased the 229,810 sq ft Alexandra House in Southend from a private investor.

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Legal & General sells Cardiff retail park for 26m

Estates Gazette 17.05.2007

Legal & General has sold the Brooklands Retail Park, Cardiff to Propinvest Holdings.

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PropInvest goes shopping in Wolverhampton

Estates Gazette 14.04.2007

Glenn Maud's PropInvest continued its retail investment spree this week with the purchase of PRUPIM's 500,000 sq ft Mander Centre in Wolverhampton.

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Cheval nabs Vue portfolio

Estates Gazette 10.03.2007

Robin Fell's Cheval Properties has bought a portfolio of six Vue cinemas after a deal with Edinburgh-based Miller Group collapsed.

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Scottish Widows splashes out on office portfolios

Estates Gazette 16.02.2007

Scottish Widows has spent £150m on two office portfolios.

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Retail Parks change hands

Estates Gazette 03.02.2007

More than £235m of retail parks changed hands this week.

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Schroders poised to acquire Woking Business Park

Property Week 08.11.2006 by Daniel Thomas

Schroders is poised to acquire Woking Business Park from clients of Arlington Securities for £35m.

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Race is on for Woking Park

Estates Gazette 21.10.2006

A Surrey business park that houses Formula One car manufacturer McLaren Group has been put up for sale. Arlington Securities is selling the 245,000 sq ft Woking business Park for £34.7m, a 6% yield. The 11-acre site includes 23 industrial buildings and has attracted interest from Slough Estates and fund managers ING Real Estate, Royal London, Schroders and Invista. The park is now used as a service and parts centre for the McLaren SLR sports car. HP Four is advising on the sale.

ING's high West Five in Acton

Property Week 29.09.2006

ING Real Estate Investment Management has bought West Five Centre retail warehouse park in Acton, west London, for £49.5m - reflecting a yield of 4.4% - for its ING Lionbrook Property Partnership fund from Cheshire-based private investor fund manager Lanebridge Investment Management. Tenants at the park are B&Q and Staples. HP Four and King Sturge advised ING Real Estate.

Morley buys £74m BT headquarters

Estates Gazette 16.09.2006

Morley Fund Management has paid Golfrate £73.5m, a 5.45% yield, for BT's Watford HQ. BT pays around £4.3m pa in rent. The 197,000 sq ft office sits on the 1.6m sq ft Leavesden Park, which also houses Leavesden Studios, where Harry Potter films were shot. The acquisition follows Morley's jv with Pinewood Shepperton to redevelop more than 100,000 sq ft at its Middlesex studios. Morley was advised by Montagu Evans in Watford and CB Richard Ellis in Shepperton; HP Four acted for Golfrate; DTZ for Pinewood.

B&Q marks up mega-shed sale

Estates Gazette 26.08.2006

B&Q is preparing to sell its recently completed super-shed in Worksop as part of its strategy to recycle capital.

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Vue follows MBO with £80m leaseback offer

Estates Gazette 01.07.2006

Vue Entertainment has put its flagship cinema in London's Leicester Square up for sale, following last month's £350m management buyout.

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Arlington buys half-empty Fleet Street offices at 1.7% yield

Property Week 23.06.2006

Arlington Securities has bought 165 Fleet Street, London EC4, from Kilmartin Properties for £55m, reflecting a net initial yield of 1.7%.

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Deal of the Week

Property Week 26.05.2006

A private investor has bought St Cuthberts Walk Shopping Centre in Chester-le-Street, County Durham, from CB Richard Ellis Investors for £9.11m, reflecting a net initial yield of 5%. The 6,000 sq ft (557 sq m), single-storey centre is the town's core retail hub and is anchored by a Co-op supermarket. It also contains the main retail car park, which has 350 spaces.
Agents: HP Four, 020 7529 4081 (CB Richard Ellis Investors); Wittingham Prosser, 020 7477 2478 (private investor).

CBRE Investors' industrial buys

Property Week 19.05.2006

CB Richard Ellis Investors has bought two industrial estates in Ashford and Croydon from City Parochial Foundation for £12m - a net initial yield of 5.7%. HP Four advised CBRE; Lewis Ellis advised City Parochial Foundation.

A tale of robbery from the urban jungle

Estates Gazette 08.04.2006

The Grosvenor Street office of HP Four, the niche practice set up for four former CBRE directors, was robbed last week.

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B&Q Farnborough: New Star buy

Estates Gazette 01.04.2006

New Star Asset Management has made its first major foray into retail warehousing.

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Martineau Galleries gateway site part of £370m UK buying bonanza

Estates Gazette 25.03.2006

Sheffield-based private investor Glenn Maud took his property portfolio to £1bn with the acquisition of a further £370m of UK assets this week.

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Insight sells £115m mixed portfolio

Estates Gazette 11.02.2006

Insight Investment, HBOS's asset management arm, has sold a £115m mixed portfolio at an initial yield of 6.3%.

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HP Four open door

Estates Gazette 12.11.2005

Four directors who defected from CB Richard Ellis in August will open their niche investment company at 17 Grosvenor Street W1, Chelsfield's former HQ, on Monday.

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Latest News:

Golfrate buys Southend offices
25.05.2007 Estates Gazette
Legal & General sells Cardiff retail park for 26m
17.05.2007 Estates Gazette
PropInvest goes shopping in Wolverhampton
14.04.2007 Estates Gazette
Cheval nabs Vue portfolio
10.03.2007 Estates Gazette
Scottish Widows splashes out on office portfolios
16.02.2007 Estates Gazette

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