F&C REIT has advised ISIS Property Trust on the purchase of three retail warehouses totalling 35,000 sq ft at Hope Mill retail park in Bury from Peveril Securities for just over £7m – reflecting a 6.95% yield. D2 Private and Edgerley Simpson Howe acted for F&C REIT. Savills advised Peveril Securities.

The annual Wilkinson Williams AR 5 a side football tournament kicked off on 7th July with 10 teams entered from the out of town retail world. With ESH keen to improve on last year’s efforts (where a solitary win against the AR ladies proved our only win) a strong team of silky skilled athletes was assembled to make a serious assault on the trophy. The team consisted of Dan Howie, Jonathan Brown, Michael Radcliffe, Duncan Wood, Will Rohleder (Bridehall). Paul Cancho, (Thompson Heaney) and Alex Hoare (DTZ).

First up was a match against Wilkinson Williams where ESH prevailed in a 3-2 victory. The hot heads of the tournament, Harvey Spack Field, were our next victims with a closely fought 4-3 victory. With wind in our sales and knowing we had a good chance of making the semi final, ESH took on Colliers and the AR ladies to top our group with 5-3 and 7-1 wins respectively.

GVA Grimley stood in our way in our march to the final. With many chances going begging it looked unlikely to be our day. However the constant perseverance of the team (and the elevated fitness levels of a slimmed down Michael ‘the engine room’ Radcliffe) saw ESH progress to the final after a narrow 2-1 win. For the second time in the day we now faced Harvey Spack Field and felt confident of beating them again to take the trophy. Unfortunately there was no fairy tale ending as HSF ran out 2-1 winners with David Comb single handedly dragging his team to victory. Close but no cigar!!

Harveys have taken Unit 2 at Winterhill Retail Park in Milton Keynes on a 15 year lease.

Harveys, part of the Steinhoff Group, have taken Unit 2 at Winterhill Retail Park in Milton Keynes on a 15 year lease at £324,000 pa. This letting represents the second phase of the refurbishment following the lettings to Dunelm and Paul Simon as phase one. Discussions are in hand on the proposed refurbishment of the third and final element of the scheme.

Tim Hornor of Edgerley Simpson Howe advised Standard Life Investments.

Retail giant Next, advised by Edgerley Simpson Howe, is to open a new fashion and homewares store in Aberystwyth, west Wales, during August.

The retailer will take a 14,070 sq ft store having secured a new 15  year lease at the Parc- Y- Llyn retail park to the south of Aberystwyth town centre.

The scheme is the largest retail park in Aberystwyth and includes Currys, Halfords, and Carpetright as tenants. It also sits next to the town’s principal foodstore a 50,000 sq ft Morrisons.

Next was advised by Edgerley Simpson Howe. The landlord, Glasgow City Council, care of DTZ Investment Management, was advised by Wilkinson Williams.

Scottish Widows Unit Funds Ltd, advised by Edgerley Simpson Howe LLP, have sold the Next unit at Searle Crescent, Weston Super Mare to The Representative Body of the Church of Wales for £3.95 million, a net initial yield of 5.5%.

The property comprises 18,874 sq ft and is let for a further 8 years at a passing rent of £12.02 per sq ft.

Scottish Widows Investment Partnership, advised by Edgerley Simpson Howe LLP, have acquired the DSG Retail unit at Stony Lane, Christchurch in the sum of £3.62 million reflecting a net initial yield of 7.51%.

The 18,090 sq ft unit is let to DSG Retail at a rent of £287,000 per annum exclusive with an unexpired lease term of 11 years.

Jamie Naughton comments ‘This purchase was an opportunity to extend SWIP’s existing holding in the town, which will create further asset management opportunities’.