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
CBGA Robson have acquired the Danebridge Medical Centre by way of an off market sale and lease back to the GP Partners, on behalf of Waypoint Asset Management.
The Medical Centre, located in Northwich, was held on various long leases which CBGA Robson negotiated the release of in the course of securing the property for our clients, dealing with the NHS Trust and Local Council in the process.
CBGA Robson have sold the Freehold interest of Queen Square House, Bath on behalf of a Private Client, achieving record pricing in this sub-market.
The property was multi-let to four tenants and comprised 8,672 sq ft of office accommodation over three floors, with 8 car parking spaces to the rear.
The sale price was £3.8m reflecting a NIY of 4.78%.
This transaction was marketed, agreed and completed during the Covid-19 lockdown, demonstrating continued appetite for high quality assets as well as CBGA Robson’s ability to work agilely in delivering satisfactory conclusions for our clients
CBGA Robson have been instructed to manage this 66,000 sq. ft Sainsbury’s supermarket, with concessions to Specsavers, Argos, Lloyds Pharmacy and Vets4Pets on this 5 acre site including 257 car-parking spaces.
It is let to Sainsbury’s for a term of 25 years from the 13th December 2013 at a rental of £1.8m per annum.
There is also a tenant option to renew for a further 25 years, with a break at the 15th year.
PROPERTY FOR SALE
• Freehold Vacant Office
• NIA 29,699 sq ft (2,759 sqm) GIA of 34,940 sq ft on a site of 0.428 acres (0.173 hectares)
• Potential to convert to 60 residential units with ground floor commercial use
• Guide Price of £2,000,000 (Two Million Pounds) subject to contract
• Capital Value of £57 psf (existing building)
• No requirement for affordable housing
For more information please contact:
Henry Cockerton on 01263 711167 or firstname.lastname@example.org
Nick Richards on 0207 317 6286 or email@example.com
Tom Cator on 01263 711167 or firstname.lastname@example.org
Tom Marsden on 0207 317 or 6284 email@example.com
CBGA Robson have been instructed to manage this recent acquisition on behalf of Regus.
The c. 65,000 sqft multi let office building is located on Solent Business Park, Fareham and CBGA will assist the new owner in their implementation of asset value initiatives.
Popular and busy residential suburb of Birmingham. Situated in 100% retail pitch within a concentrated high street sandwiched by Asda and Sainsbury’s.
The property is fully let to 7 national retailers including Wilkinson Hardware Stores Limited, Scrivens Ltd, Burton/Dorothy Perkins Properties Limited, Lloyds Pharmacy Limited, Specsavers Optical Superstores Limited, Greggs Plc and Bonmarche Limited.
CBGA Robson acted for the purchaser in the acquisition of the freehold interest of this high yielding retail investment.
The property consists of four high street retail units let to Holland & Barrett, Cheshire Building Society and Ryman, with one unit sold off on a long lease with 89 years unexpired.
The subject property will benefit from the development of the adjacent Royal Arcade Development Scheme as well as the HS2 train link
CBGA Robson acted for the purchaser in the acquisition of this multi-let office building in Berkshire, offering a number of Asset Management initiatives.
Forum 1 comprises 40,620 sq ft of office space arranged over ground and first floors.
CBGA Robson have been retained to manage the property.