The deals below give a flavour of the breadth of knowledge Inglis Howie have in the UK market place.
Transactions include:
Investment disposals and acquisitions
Forward funding deals
Portfolio funding re-structures
Administration situations
Office
Boar Lane, Leeds
Acquisition: £7,575,000
Acquisition of city centre office investment in the heart of Leeds on behalf of Regional REIT. The property, extending to 51,000 sq ft, was let to Aviva Insurance Ltd.
Manchester
Acquisition: £4,000,000
Attractive listed office building with Grade A specification situated in Manchester's City Centre. Acquired with VP on behalf of Regional REIT. Passing rent now £935,000.
Swindon
Acquisition: £3,250,000
Self-contained HQ office building of 22,500 sq on Kembrey Park, north of Swindon town centre. Let to Honda and Sirva.
Lower Bristol Road, Bath
Sale: £4,655,000
Sale of multi-let office investment (14,890 sq ft) on Lower Bristol Road on behalf of REIT client. Capital Rate achieved in excess of £300 per sq ft.
200 West Regent Street, Glasgow
Sale: £17,700,000
8 storey city centre office building, just off Blythswood Square. Acquired on behalf of Regional REIT for £5,420,000. Change of use secured to PBSA (216 beds). Leased to Glasgow School of Art for 20 years.
Retail
Cumbernauld
Acquisition: £17,300,000
Funding of a new retail park extending to c. 85,000 sq ft plus drive thru restaurants/pods and PFS. Pre-lets in place to M&S, Matalan, Food Warehouse, Pets At Home and Home Bargains.
125-127 High Street, Perth
Acquisition: £790,000
100% prime retail property let to Mountain Warehouse. Acquired on behalf of a private client.
Ayr
Acquisition: £1,950,000
Private pension fund acquisition let to Domino’s Pizza, Indigo Sun, Sally Hair, Pets at Home and Companion Care Vets. NIY 9.3%.
Industrial
Cumbernauld
Sale: £33,100,000
850,000 sq ft multi-let industrial estate in Central Belt with excellent motorway access. Disposal on behalf of Regional REIT.
Eurocentral
Sale: £4,500,000
Acquisition and disposal of modern distribution warehouse (70,000 sq ft) let to Next. Acquired for £3.8m (10 years uxt) and sold eight years later (1.75 yrs uxt) for £4.5m.
Saracen Street, Glasgow
Sale: £14,600,000
Prime multi-let Trade Counter Investment (59,190 sq ft) let to Screwfix, Howdens, Euro Carparts, Benchmarx and HSS. Sold to Kames Capital (now Aegon AM).
Braehead
Acquisition: £7,050,000
204,414 sq ft industrial complex on 10.68 acre strategic site. Single let to Howden at a rent £762,615 pa.
North Muirton Industrial Estate, Perth
Acquisition: £800,000
Acquisition of 20,000 sq ft multi-let industrial estate (9 units) on behalf of private pension fund. Strategic location with excellent access to A9.
Portfolios
Acquisition: £9,000,000
Portfolio of two office and two industrial investments located across England. Acquired on behalf of Regional REIT.
Acquisition: £128,000,000
Acquisition of a mixed use office, industrial and retail portfolio of almost 3,000,000 sq ft throughout the UK.
Acquisition: £75,000,000
Acquisition of a portfolio of 12 office and industrial assets with over 1m sq ft of floorspace. Annual rent roll in excess of £8,000,000.
