CBGA Robson are delighted to be working with Tri7 Real Estate on their first acquisition in their partnership with Alchemy Special Opportunities LLP.
The Core Shopping Centre, Leeds extends to over 200,000 sqft combining 30 retail units located in the heart of Leeds city centre. This adds to CBGA Robson’s property management portfolio. CBGA Robson LLP have been appointed to manage a portfolio of 25 properties for the AUB UK Commercial Property Income Fund.
The portfolio consists of well let properties located nationwide across the sectors to include offices, leisure and retail warehouse uses. CBGA Robson has been appointed to manage 50 Broadway in St James’s on behalf of a private investor.
Constructed in the 1920s, 50 Broadway was recently completely refurbished and provides 72,000 sq.ft of office accommodation arranged over basement, ground and nine upper floors. CBGA Robson have been appointed to act as managing agent for a city centre mixed use scheme including a pub leased to Loungers plc and an adjoining office property.
Our private investor client will shortly be refurbishing. CBGA Robson have advised Patrizia on property management due diligence on the acquisition of H Club, Covent Garden.
The property will shortly be commence a full conversion to become the new home for Patrizia. CBGA Robson LLP continue to grow their property management business with three new instructions over the New Year period. Following recent purchases by Custodian REIT, CBGA Robson have been appointed to manage Willow Court, Oxford which is a 22,500 sq.ft multi let office property in a location with high levels of occupier demand and low levels of supply. Custodian REIT have also acquired and appointed CBGA Robson to manage Harrison Court, Hilton Business Park which is a St Modwen developed industrial estate of 8 units. In addition to their purchases in 2020, Prologis have continued to acquire assets for medium term last-mile delivery opportunities in London with the addition of Cork Tree Retail Park in Chingford. CBGA Robson have been appointed to manage this 80,000 sqft scheme that consists of tenants such as Pets at Home, Curry PC World and Sports Direct.
CBGA Robson has been appointed to manage 130 Old Street, London, a freehold property located in the established Old Street tech hub.
Completed in the 1980s, the current property comprises 14,054 sq ft of office and ancillary accommodation arranged over two buildings, separated by an open courtyard. Planning permission is being sought for a significant new development to take place on expiry of existing leases. It is currently multi-let to three office tenants. CBGA Robson has been appointed to manage 35 Great St Helen’s, in the heart of the City of London The property is located between Bishopsgate and St Mary Axe and in close proximity to a number of the City’s historic landmarks including The Bank of England, The Royal Exchange and Leadenhall Market .
Developed in 1997, the building provides 18,333 sq. ft. of office accommodation arranged over basement, lower ground, ground and five upper floors. The property is partially occupied and is currently undergoing floor by floor refurbishment to attract new tenants following previous lease expiries. CBGA Robson LLP have recently been instructed to manage three new schemes for Prologis as they continue to identify opportunities in the marketplace.
These are Ravenside Retail Park in Edmonton which is a c. 130,000 sqft scheme comprising seven retail units which Prologis has identified as having a medium term redevelopment opportunity to provide last-mile delivery in London. Prologis Park Sideway, Stoke on Trent being a Prologis development with tenants including Dunelm and DSV. Hook Rise Business Centre, Chessington with tenants including Hermes and Zebra Pens. CBGA Robson have acquired an industrial unit in Poyle, Berkshire which services Heathrow Airport, on behalf of a private client.
The unit comprises 12,750 sq ft of warehouse and office accommodation on a site of 0.66 acres and is let to Flight Logistics Group on a ten year lease, giving a term certain of 9.4 years to expiry and 4.4 years to break. Industrial supply in Poyle is particularly constrained, with vacancy rates across the park at 0.5% leading to rental uplift to capture at the upcoming review. The purchase price of £3,000,000 reflected a NIY of 4.85%. This transaction was agreed and completed during the Covid-19 lockdown period |
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