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September 2023

ESH represented Nuveen Real Estate on disposal of West Midlands retail warehouse unit

Nuveen, represented by ESH, have disposed of the Matalan in Kidderminster to a private investor for a sale price of £3,050,000.

The property is a standalone retail warehouse unit fully occupied by Matalan until December 2030. It consists of 31,114 sq ft let at a passing rent of £10.49 per sq ft.

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July 2023

Lidl disposes of south east long income asset

ESH are pleased to have advised Lidl on the sale of Charters Estates Agents in Southampton. The asset was sold ahead of quote for a price of £1.35m, reflecting a 6.46% NIY. The purchaser was represented by CBRE.

The 6,533 sq ft prominent roadside unit is let to Charters Estate Agents Limited until August 2031 at a passing rent of £14.16 psf.

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July 2023

LCP acquires dominant north east retail warehouse scheme

ESH are delighted to have represented LCP on the purchase of Alexandra Retail Park in Grimsby. The vendor was represented by Savills.

The park consists of approximately 126,000 sq ft of retail warehouse space, occupied by Food Warehouse, Pets at Home, Matalan, Poundstretcher, SCS, Argos and My Energi. The average passing rent is £10.80 per sq ft and WAULT of 3.7 yrs to expiry and 3.4 yrs to break.

 

 

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July 2023

ESH are proud to support The London Soup Kitchen

The ESH team have been helping out at the The London Soup Kitchen on Tottenham Court Road over recent months and continue to do so. Having the chance to help, in what feels quite a small way, is humbling and something we all wanted to do in Central London when we witness homelessness in our own backyard every day. The charity is run by an inspirational group of people, and, like all charities, it relies on the compassion and kindness of others to provide meals to those in need. In our brief experience though, not only is it the basics of food, water, clothing and warmth that are required, but also in many cases simply recognition for being human. The ability to have a conversation with someone, when most of the time all around people simply ignore or walk past, is seemingly immeasurable. If this is something you or your company would like to get involved with, then please see details on their website at https://soupkitchenlondon.org/.

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June 2023

ESH advises on acquistion of prime south-east retail park

ESH advised an institutional client of CBRE on the freehold purchase of Griffiths Way Retail Park in St Albans at a price of around £30m. The prime retail park in Hertfordshire was developed 2020 and is fully let to B&Q, Aldi and Costa. LXi REIT were the vendor.

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June 2023

ESH advise on Suffolk Retail Park sale

Acting on behalf of clients Hobart Activum, ESH are delighted to have advised on the sale of Studlands Retail Park in Newmarket, to Hathaway Opportunity Fund.

ESH helped acquire the 73,000 sq ft retail park in early 2021 and successfully delivered on a progressive asset management strategy that involved 4 lease renewals/regears and 2 new lettings to enhance the overall income and expiry profile of the scheme.

Morgan Williams acted for the purchaser.

January 2024

ESH represents Columbia Threadneedle on the purchase of Parkgate Shopping Park

Columbia Threadneedle Investments, represented by ESH, have purchased the dominant Parkgate Shoppi...

January 2024

ESH represents Fund on sale of south-east foodstore investment

Savills IM, represented by ESH, have disposed of the Waitrose in Kings Hill, Kent to a private ove...

December 2023

ESH advises on the sale of south-east retail park

ESH, on behalf of a client, has disposed of Hampden Park in Eastbourne to a private investor. The ...