Recent Transactions

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%. 

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 & Partners have advised a private investor on the disposal of 172-176 Upper Richmond Road. The property was let to Halfords with a sub letting to pure gym for a further 14 years. The lease benefited from annual uncapped RPI reviews. Achieved pricing reflected £4.75M and a net initial yield of 4.75%. 

On behalf of KFIM, Lewis & Partners sourced and advised on the funding acquisition of this mixed use, strategic development. Pre-let to Aldi, Starbucks, Greggs and , the property was acquired for circa £20m, with all leases benefitting from  CPI related rent reviews.

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. 

Sold by British Land, this freehold 26.1 acre shopping destination, anchored by a Tesco Extra, with other key tenants including Next, Boots, Costa and McDonalds, is the principle retail provision to the north-west of Leicester. It was purchased by Cervidae in 2021 with Lewis & Partners acting on the acquisition.