News
Bristol: Druid Care Home
The team at XPROP advised LXi REIT on the acquisition of a Bupa care home in Bristol let for an unexpired term of 23.5 years.
St Albans: Wickes
The team at XPROP advised Columbia Threadneedle on the acquisition from Milton (BVI) Limited. Wickes occupy the property on a reversionary lease with 10.5 years term certain off a rent of £15.47 psf.
Ashford: Warren Retail Park
The team at XPROP advised Salmon Harvester Properties on the disposal to Knight Frank IM for £11.925 million, which reflects a net initial yield of 6.1%.
Farnborough: Horizon Retail Park
The team at XPROP advised Royal London Asset Management on the forward purchase from Steamrock Capital for £38.78 million, reflecting a NIY of 5.25%.
Swindon: Wickes
The team at XPROP advised IM Properties on the acquisition of the Wickes Extra in Swindon for £14.918 million, which reflects a net initial yield of 5.65%.
Cheltenham: Kingsditch Retail Park
The team at XPROP advised M&G Real Estate on the disposal of Kingsditch Retail Park in Cheltenham to DTZ Investors for £42.4 million, which reflects a net initial yield of approximately 5.6%.
South Ruislip: Victoria Road Retail Park
The team at XPROP advised BMO Real Estate Partners on the purchase of the freehold investment of Victoria Road Retail Park in South Ruislip.
Frome: Wessex Fields Retail Park
The property was acquired by a private investor for £3.75 million which reflects a net initial yield of 7.75%.