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