Lewis & Partners advised a Private Family Trust on the sale of a Portfolio of residential & commercial properties within Spitalfields East London. The properties were multi-let with pricing reflecting circa £14m.
Lewis & Partners acted jointly with GVA for Tellon Capital on the forward funding of this £132M, mixed-use development which will provide a stunning, landmark scheme for the 12th century gatehouse to historic Southampton’s centre. Legal & General Investment Management Real Assets (LGIM Real Assets) are the funders who will own and operate the completed scheme.
The new Bargate Quarter will support the city’s growth by regenerating and reinvigorating the area and will shine a light on this part of the historic Town Walls through the creation of a new linear park. The development will provide 2,515 sqm of ground floor commercial space, along with 519 much needed new homes in this highly sustainable location, creating a scheme that is respectful of the past whilst also looking to the future. Tellon Capital anticipate the scheme being completed in early 2025.
Lewis and Partners acted for a joint venture between U&I and Pears Property, in purchasing a portfolio of properties from the National Asset Management Agency (NAMA). They proceeded to sell the properties out individually over the course of the next few years. It was a mixed portfolio, consisting of residential properties in Victoria and Chelsea and commercial property located around the country, from shopping centres to retail parades.
NAMA was established in 2009, during the Irish banking crisis, in order to deal expeditiously with non-performing property loans acquired from Irish banks.