10 September 2016 – by Estates Gazette
EGi gives a rundown of a selection of recently added deals from throughout the UK. EGi provides the market’s leading comparables database, fully researched and updated with more than 5,000 new results each month.
SIGNIFICANT DEAL
Velocity, Brooklands, Weybridge KT13 0SL
Chosen by Rhodri Shaw, partner in national markets office agency at Strutt & Parker
ISS Facility Services’ acquisition of the second and third floors at Velocity represents the final lettings at the 106,000 sq ft grade-A office.
From its inception, Velocity has had far-reaching appeal and has succeeded in securing a number of high-calibre tenants, including LG, Cargill and TOMY Toys, at market leading rents.
This latest deal has reinforced the headline rent for the Brooklands Estate at £34 per sq ft, and underlines its credentials as one of Surrey’s leading out of town locations.
Car parking provision and an integrated transport system remain key considerations for a number of South East occupiers, and landlords that can meet this need and offer high-quality accommodation will continue to enjoy success.
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INDUSTRIAL
Unit 10, Maxted Park, Hemel Hempstead HP2 7EP
Size 5,823 sq ft (541m²)
Date of deal 01/08/2016
Price £810,000
Vendor Rowanmoor Pensions
Vendor’s agent Brasier Freeth
Purchaser Character Kingdom
RETAIL
House of Fraser, 14-18 St Mary Street, Cardiff CF10 1TT
Size 279,765 sq ft (25,991m²)
Date of deal 18/08/2016
Price £37m, Yield: 6.25%
Vendor M&G Real Estate
Purchaser Rosette Merchant Bank
Vendor’s agents Cooke & Arkwright and CBRE
OFFICE
2nd floor, 81 George Street, Edinburgh EH2 3ES
Size 10,000 sq ft (929m²)
Date of deal 19/08/2016
Prelet £300,000 pa, 10 year lease
Lessor UK Commercial Property Trust Ltd
Lessor’s agent JLL
Lessee InterGen
Lessee’s agent MJHJ Property Ltd
Click here to see more deals from around the UK
