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 advised DTZ Investors on the sale of 130 City Road to a private overseas investor. The property was multi-let, with pricing reflecting circa £8m and 7.5% NIY.
This 7.7 acre covered land development, strategically located close to both M40 and M25, was purchased by Lewis & Partners, on a joint agency basis with ACRE Capital Real Estate, for Jansons Property, a well known developer. The vendor was Coal Pension Properties Ltd c/o LaSalle Investment Management and this site offers a number of asset management opportunities, with a strong underwrite for industrial/distribution development.
Lewis & Partners advised a private investor on the sale of Living Student in Cardiff, a 136 bed student accommodation asset. The property was direct let with 100% occupancy for the upcoming academic year and was sold to Columbia Threadneedle, with pricing reflecting £13m and 6.25% NIY.
Lewis & Partners acted for the vendor, a private family office, on the disposal of this roadside development. Let to Costa Coffee, Greggs and SWARCO, the EV charging operator, the price achieved was £3.45m, showing circa 5.5% NIY, which was better than asking terms.
Lewis and Partners purchased this freehold office investment for a private client, with the intention of carrying out permitted development at the end of the current lease. The property is single let until 2025, providing 20,000 sq ft, over three storeys, with 78 parking spaces.
Being located in the town centre and very close to the station, the property offers residential redevelopment potential.
Lewis & Partners acted on behalf of a private investor in acquiring 261/309 High Road, Loughton from Threadneedle Pension Fund. The property was multi let to numerous retail tenants and the pricing reflected £7.3m and 9% NIY.