Lewis & Partners recently advised a family office on the sale of Genesis House, Godliman Street, St Paul’s EC1 to Travelodge Hotels Ltd, in an off market transaction for an undisclosed sum.
The property was multi let with short unexpired terms and had the potential to create up to 95 hotel rooms, subject to necessary planning consents.
Following an extensive marketing campaign, L&P recently concluded the sale of 76 / 80 Old Broad Street, situated directly opposite Liverpool Street station.
Pricing reflected circa £6.75m. The purchaser was a private overseas investor represented by Fineman Ross & Kauffmans, with L&P acting for a family office.
Lewis & Partners have advised a private equity client on the off market acquisition of a 180,000 sq ft supermarket, on the south coast. The property is let in its entierty to Tesco Stores Ltd, with approximatly ten years remaining and an RPI linked review in 2025.
Lewis & Partners acted on behalf of a private client in the off market transaction of 25 Chart Street. The office is located two minutes walk north of Old Street Station and is single let to Vodafone, for a further 8 years ,with numerous longer term asset management / development opportunities. Pricing reflected £7.3M and 6.75% NIY.
Lewis & Partners acted on behalf of Brydell Partners on the off market acquisition of two Travelodge hotels in Edinburgh and Dagenham , London. Both hotels were income producing and were acquired for a combined £17.5M from an institutional vendor.
Lewis & Partners acted for a private client in the disposal of this prime retail block, multi-let and sold to a private individual, at close to the asking terms.
Acquired by the SoCo and Blue Coast Capital for future co-living development.
Lewis & Partners have advised a private client on the disposal of Polygon House, Clapham. The well situated asset is multi let to four tenants, on short leases and has the benefit of planning for an additional floor. The achieved price was £3M and 5.18% NIY.