Past Transactions - Retail

These deals give a flavour of the breadth of knowledge we have in the UK market place. They include property investment disposals and acquisitions, forward funding deals, portfolio funding re-structures and administration situations. 

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17 Inglis Street, Inverness

17 Inglis Street, Inverness

Attractive retail investment located within the central pedestrianised area of Inverness city centre. Let to the excellent covenant of Craghoppers Ltd until March 2019. We are seeking offers in excess of £590,000 which reflects an attractive NIY of 10.01%.

  • PRICE
    £590,000
  • TRANSACTION TYPE
William Hill Retail Investment Package

William Hill Retail Investment Package

Package of two William Hill Investments located in strong positions within Tranent and Dalkeith. Both units produce rental income of £35,500 pa reflecting a NIY of 9.03% based on the quoting price of £375,000.

  • PRICE
    £360,000
  • TRANSACTION TYPE
    Disposal
30 Greenock Road, Bishopton

30 Greenock Road, Bishopton

Modern retail parade located in a neighborhood location. Anchored by The Co-operative Group on a new 15 year lease with RPI linked reviews. Acquired on behalf of a private individual.

  • PRICE
    £1.6m
  • TRANSACTION TYPE
    Acquisition
Unit 94/94a Middleton Grange Shoping Centre, Hartlepool

Unit 94/94a Middleton Grange Shoping Centre, Hartlepool

Acquisition of over 40,000 sq ft of retail accommodation let to BHS Ltd and Peacocks Stores Ltd on behalf of a private investor.

  • PRICE
    £2.5m
  • TRANSACTION TYPE
    Acquisition
122 Quarry Street, Hamilton

122 Quarry Street, Hamilton

Acquisition on behalf of a private client of a bank located in Hamilton town centre. The premises was let to Santander UK Plc until October 2016. The purchase price reflects an initial yield of 16.07%.

  • PRICE
    £500,000
  • TRANSACTION TYPE
    Acquisition
40/42 Piersfield Terrace, Edinburgh, EH8 7BJ

40/42 Piersfield Terrace, Edinburgh, EH8 7BJ

Disposal on behalf of KLG Estates of a standalone retail unit extending to 8,841 sq ft and let to Iceland Foods Ltd with over 60 years unexpired term. The sale price reflects a NIY of 5.51%.

  • PRICE
    £1.25m
  • TRANSACTION TYPE
    Disposal
469 Paisley Road, Glasgow

469 Paisley Road, Glasgow

Disposal of a high street retail unit let to William Hill on a new 20 year lease, subject to break options. The investment was sold on behalf of Drumcarron Properties and the sale price reflects a NIY of 9.16%.

  • PRICE
    £170,000
  • TRANSACTION TYPE
    Disposal
20-22 High Street, Carluke

20-22 High Street, Carluke

Disposal of a prominent retail unit located on Caluke's High Street on behalf of Drumcarron Properties. The unit was let to William Hill on a new 20 year lease, subject to tenant break options. The sale price reflects a NIY of 9.45%.

  • PRICE
    £225,000
  • TRANSACTION TYPE
    Disposal
Greenlaw, Phase 3, Newton Mearns

Greenlaw, Phase 3, Newton Mearns

Forward funding agreement negotiated on behalf of The Tonstate Group. The scheme comprises approximately 20,000 sq ft of retail accommodation pre-let to Home Bargains and Pets at Home.

  • PRICE
    c.£2.00m
  • TRANSACTION TYPE
Glendoune Street, Girvan

Glendoune Street, Girvan

Acquisition of a new roadside development in a prominent location. The investment comprised a well let retail investment with 80% of the income secured against Tesco until 2028.

  • PRICE
    850,000
  • TRANSACTION TYPE
    Acquisition
58 West Nile Street, Glasgow

58 West Nile Street, Glasgow

Acquisition of a Starbucks investment located in Glasgow city centre. The premises are double fronted with clear visibilty from Buchanan Street to the Nelson Mandela Square frontage. The premises extend to basement and ground floor levels and are held on a lease expiring in December 2022.

  • PRICE
    Confidential
  • TRANSACTION TYPE
    Acquisition
34 High Street, Canterbury

34 High Street, Canterbury

Acquisition of two adjoining retail investments let to Card Factory and Betfred, in the historic English cathedral city of Canterbury.

  • PRICE
    Confidential
  • TRANSACTION TYPE
    Acquisition
112 High Street, Ayr

112 High Street, Ayr

Disposal of retail investment within a prime pitch on Ayr's High Street. The premises were let to Signet Group plc t/a H.Samuel with 6 years unexpired term. Inglis Howie acted on behalf of Invista Real Estate.

  • PRICE
    £1.365m
  • TRANSACTION TYPE
    Disposal
20/26, 28 Buchanan Street & 38/37 Argyll Arcade, Glasgow

20/26, 28 Buchanan Street & 38/37 Argyll Arcade, Glasgow

Acquisition of prominent 62,225 sq ft retail block on behalf of HBG Properties. The investment was arranged over basement, ground and six upper floors with tenants including Bally, Early Learning Centre and Dorothy Perkins as well as speciality jewellers within the Argyll Arcade.

  • PRICE
    circa £31m
  • TRANSACTION TYPE
    Acquisition
23 High Street, Inverness

23 High Street, Inverness

Retail unit located within Inverness' prime retail pitch within the city centre. Let to Lush Retail Ltd with an unexpired lease term of c.8.5 years at a passing rent of £67,000 pa. Offers of £700,000 are sought which reflects an attractive net initial yield of 7.92%.

  • PRICE
    £660,000
  • TRANSACTION TYPE
    Disposal
94/96 Sauchiehall Street, Glasgow

94/96 Sauchiehall Street, Glasgow

Two prime retail units located within Glasgow city centre's shopping district. The units are let to Holland & Barrett and Phones 4 U. Inglis Howie acted on behalf of a private client in acquiring the investment from Threadneedle UK Property Select Fund.

  • PRICE
    Confidential
  • TRANSACTION TYPE
    Acquisition
49 Maybole Road, Ayr

49 Maybole Road, Ayr

The property comprises a Tesco convenience store which anchors a newly developed retail parade consisting of 4 separate units totalling 7,000 sq ft with 30 car parking spaces. Acquired on behalf of a private client.

  • PRICE
    £1.575
  • TRANSACTION TYPE
    Acquisition
29-33 Gordon Street, Glasgow

29-33 Gordon Street, Glasgow

Assembly of 2 prime retail units on behalf of CBRE Global Investors. 7,500 sq ft of retail space over 3 levels now leased to Co-Op Bank and EAT.

  • PRICE
    £3.375
  • TRANSACTION TYPE
    Acquisition
Tesco Superstore, Farnsworth, Bolton

Tesco Superstore, Farnsworth, Bolton

Forward funding deal on behalf of Lasalle Investment Management of a new 75,500 sq ft Tesco Superstore.

  • PRICE
    £26.45m
  • TRANSACTION TYPE
    Forward Funding
Greenlaw Centre, Newton Mearns, Glasgow

Greenlaw Centre, Newton Mearns, Glasgow

Modern 11 unit retail centre totalling 14,600 sq ft in affluent Glasgow suburb forming part of the 30 acre Greenlaw Business Park. Acquired for The Tonstate Group.

  • PRICE
    Confidential
  • TRANSACTION TYPE
    Acquisition
Clydesdale Bank Portfolio

Clydesdale Bank Portfolio

Acquisition of 3 retail banking units in Nottingham, Aberdeen and Elgin. Acquired on sale and leaseback basis on behalf of CBRE Global Investors.

  • PRICE
    £7.85m
  • TRANSACTION TYPE
    Acquisition