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Investment Team Acquire Another Foodstore for Clients

Investment Team Acquire Another Foodstore for Clients

The Investment Team have assisted in acquiring the freehold of Waitrose on Foss Island Road in York on behalf of a UK pension fund.

The property comprised 35,000 sq ft on a site spanning 1.18 Hectares and is secured to Waitrose Limited until October 2030. The lease benefits from a further fixed rental uplift in 2020.

The property was purchased for in excess of £13.5m.

For further information please contact David Freeman or Ed Smith.

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Boots sign in St Stephen’s, Hull

Boots sign in St Stephen’s, Hull

Acting on behalf of British Land, Green and Partners have successfully secured a new 30,000 sq ft Boots MSU, reinforcing the dominance of St Stephen’s which comprises 552,000 sq ft of retail and leisure dominating the retail offer of Hull. Other notable retailers include; Next, H&M, Topshop/Topman, River Island, Tesco and TK Maxx.

To facilitate the provision of the new store surrenders were undertaken from Peacocks, Clintons and Sports Direct. Boots entered into a 15-year lease, at an undisclosed rent, with a programmed opening in May 2019.

For further information please contact Paul Cooper or Adam Bindman.

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High Street Retail Parade Sold in Kings Heath

High Street Retail Parade Sold in Kings Heath

Green & Partners investment team have sold 120-138 High Street, Kings Heath on behalf of La Salle IM.

The property produces a net combined income of £445,860 pax and comprising 7 retail units let to tenants including Wilko, Burton, Specsavers and Greggs.

The property sold for £4.765m.

For more information contact David Freeman

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Two new openings in Westwood Cross

Two new openings in Westwood Cross

Acting on behalf of Landsec, Green and Partners, jointly with Morgan Williams, have undertaken the 2 following transactions in Westwood Cross, Thanet, Kent:

Foot Asylum took a new 10-year lease of the former Poundworld, which comprises 5,030 sq ft, at a commencing rental of £157,500.

EE have taken a new 10-year lease of the former Five Guys, which comprises 2,335 sq ft, at a commencing rental of £125,000 pax.

Please contact Paul Cooper for further information.

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Green and Partners land Boots in Lincoln

Green and Partners land Boots in Lincoln

Acting on behalf of M&G, Green and Partners have let the former Bhs to Boots.

The store comprises 33,500 sq ft over 2 trading floors. A new 15-year lease was entered into by Boots at the passing rent of £491,250 pax.

Please contact Paul Cooper for further information.

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Nationwide Bank on Leamington Spa

Nationwide Bank on Leamington Spa

The world’s largest building society has recently completed on a new lease at 79/81 The Parade, Leamington Spa. Acting on behalf of Royal London Investment Management, Green & Partners have secured Nationwide on a new 10-year lease of the amalgamated accommodation at a rental of £95,000 per annum exclusive.

For further information please contact Matt Beardall.

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Investment Team Sell Food Store Anchored Scheme in Midsummer Norton

Investment Team Sell Food Store Anchored Scheme in Midsummer Norton

G&P Investment Team have sold a Sainsburys Supermarket anchored Convenience Parade in Midsummer Norton on behalf of clients of LaSalle IM.

The investment comprised a site spanning 2.95 acres. 83% of the income was secured to Sainsburys Supermarkets Ltd, expiring 2025. The remaining units are let to tenants including Costa, Barnardo’s and a number of local occupiers.

BANES purchased the property for £5.7m.

For further information please contact Patrick Over.

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Green & Partners Advise Clients on Another Guildford Investment Acquisition

Green & Partners Advise Clients on Another Guildford Investment Acquisition

Green & Partners Investment Team has advised a family trust on the acquisition of the freehold interest in 138-140 High Street, Guildford.

The property is let to Moss Bros Plc, at a rental of £280,000 pax, expiring in June 2024.

For more information please contact Ed Smith

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Green & Partners Investment Team Disposes in St Albans

Green & Partners Investment Team Disposes in St Albans

On behalf of an institutional client Green & Partners sold 17-23 Chequer Street, a high street retail parade in St Albans.

17-23 Chequer Street is prominently and centrally located between both the Maltings Shopping Centre and Christopher Place and opposite Fat Face and Joules. The subject property is well secured to strong national covenants of Nandos and Toni & Guy with a weighted average unexpired lease term of 8 years. Both retailers are let on FRI leases with upcoming rent reviews and with sufficient transactional evidence on the pitch, there is a real opportunity to improve the performance of the asset.

Green & Partners achieved a price of £2,725,000 which reflects a NIY of 4.83%, 67bps above asking.

For more information please get in touch with Simona Malinova or Patrick Over.

 

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Yours Clothing bolsters the line up at the Fareham Shopping Centre

Yours Clothing bolsters the line up at the Fareham Shopping Centre

Acting for the Landlord, Roubaix Group, Green and Partners have let Unit 64 to Yours Clothing, the plus-sized clothing retailer.

The opening follows the letting to B&M earlier this year and cements Fareham Shopping Centre as a primary retail offer in the town centre.

For further information please speak to James Jenkins or Mike Willoughby.

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