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.
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.
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.
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.
Scottish Widows splashes out on office portfolios
Estates Gazette 16.02.2007
Scottish Widows has spent £150m on two office portfolios.
Retail Parks change hands
Estates Gazette 03.02.2007
More than £235m of retail parks changed hands this week.
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.
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.
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.
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%.
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.
B&Q Farnborough: New Star buy
Estates Gazette 01.04.2006
New Star Asset Management has made its first major foray into retail warehousing.
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.
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%.
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.
