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 amount.
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 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 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.
Lewis & Partners have advised a private investor on the disposal of a unique landmark cinema in the heart of Islington. The cinema is let to Everyman with over 13 years remaining without breaks. The achieved price was £2.3M and a net initial yield of 4.8%.
Lewis & Partners have advised a private investor on the aquisition of the Bucks Head Pub on Camden High Street. The pub is let to Stonegate for a further 25 years 5 yearly RPI linked reviews. the pricing reflected £4.1M and a net initial yield of 4.5%.
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 advised a private investor on the sale of Boston House in Fitzroy Square to an overseas investor. The property was single let on an over-riding lease to Arup, with pricing reflecting £24m and 5% NIY.