Acquisition on behalf of Tri -7, approximately 200,000 sq. ft shopping centre from Columbia Threadneedle. Freehold site of 1.85 acres (0.75 hectares) with WAULT of 6.1 years anchored by Matalan, Foot Asylum and Poundland with significant redevelopment potential. Unconditional with planning recently achieved for a mixed-use student/BTR development.
Acquired by the SoCo for future co-living redevelopment.
Lewis & Partners advised KFIM on the funding and structure of this sale and leaseback, for circa £18M, to David Lloyd Leisure Limited, subject to a new 30 year term, with reviews to RPI, cap and collared.
Sold on behalf of Galliard Homes to a private high net worth investor. The property is multi-let producing a current income of £1,086,415 pa. The site was originally developed by Galliard as residential, surrounding the T-shape office building in the centre of the site. The T-building is let to tenants including Friends of the Earth and Spitfire. Subsequently, the vacant offices within the T-building were converted to residential under permitted development.
Sold on behalf of a public company, Pure Gym in Finchley, N3 to Galliard Homes. Long leasehold interest of a purpose-built gym of approximately 31,131 sq. ft. Let to Pure Gym, paying £311,000 pa, with lease expiry on 22nd August 2038.
Lewis & Partners, acted on behalf of AEW Europe, in the acquisition of Harbour Island, Docklands, London E14, from Threadneedle Pension Fund. The mixed use property was multi let to numerous office and retail tenants and the pricing reflected £19M and 9% NIY.
Lewis & Partners have advised a private investor on the disposal of the B&M, in Southport. The property has four years remaining to B&M and benefits from significant redevelopment potential. The price acheived was £4M and a net initial yield of 8%.
Named John Lewis branch of the year in 2023, this prominent and attractive building, situated on the affluent high street, was purchased by a private family office from BlackRock UK Property Fund. Lewis & Partners acted on the acquisition.
