This freehold office with retail, comprising of 41,122 sq ft, arranged over ground and six upper floors, was sold by Zurich Assurance Pension Fund and purchased by Cervidae, a substantial family office, for redevelopment purposes. Lewis & Partners acted on the acquisition.
This outstanding 5 star, 225 room hotel development site in the heart of Edinburgh Old Town was sold to private investors. Virgin Hotels operated their very first UK hotel here, in 2020, and Lewis & Partners worked on the development, with Jansons Property.
This shopping centre investment was sold by Columbia Threadneedle to a consortium of high net worth individuals for redevelopment purposes. Lewis & Partners acted for the purchasing entity.
Silverlink Leisure Park is a 6.44 acre, highly prominently located cinema and restaurant complex with a strong trading profile. Lewis & Partners acted on the acquisition, on behalf of a new joint venture company, bringing together a longstanding partner of L&P, with a new client.
Sold to an institutional investor, on behalf of a publicly quoted company, Waterglade Retail Park, is a well located, town centre scheme with approximately 73,664 sq ft of open A1 accommodation, let to national retailers including Iceland, Halfords, Next and B&M. Lewis & Partners acted on the acquisition.
A forward funding hotel development, on behalf of Jansons, provided a 259 bedroom, 4 star hotel let to Ibis with retail space, in Edinburgh’s Old Town. The development of this UNESCO world heritage site incorporated new build elements and the refurbishment and re-use of existing buildings. Retail tenants include a Sainsbury Local and Costa. Lewis & Partners acted for Jansons Property and the funding was provided by one of LaSalle’s funds.
This sale and leaseback from Morrisons comprised an existing superstore, with a 12 pump petrol filling station (74,639 sq ft) and was purchased for the entrepreneurial fund manager, Brydell Partners in an off market transaction for circa £17m. Lewis & Partners offered specialist supermarket occupational advice which aided this off market acquisition.
This vast portfolio provided over 385m of prime retail frontage, in Notting Hill, one of wealthiest districts of the world, purchased in a 50-50 joint venture between LaSalle Investment Management and the William Pears Group for circa £130m. Following redevelopment of the retail and office investment, it was subsequently purchased by Frogmore and U+I plc for circa £300M.
