Back to all news

October 2020

M7 continue retail warehouse acquisition drive with IPSWICH purchase

M7 continue Retail Warehouse acquisition drive with Ipswich purchase. 

M7 have successfully completed the purchase of a solus B&M on Felixstowe Road, Ipswich from BMO.

The unit which is occupied by the FTSE 100 retailer extends to approx. 39,000 sq ft is let off a manageable rent of £12.99 per sq ft and benefits from a WAULT of 10 years. M7 purchased the asset for £6.0m, showing a net initial yield of 7.90%.

Edgerley Simpson Howe represented M7.

Back to all news

September 2020

ESH advise Pure gym on three new south east lettings

ESH advise Pure Gym on three new south east lettings.

Pure Gym are to open 3 new gyms in the south east, continuing with their expansion. These new gyms are in Reading Calcot within the Sainsburys store; Westgate Retail Park in Aldershot and The Mall Shopping Centre in Maidstone.

ESH acted on behalf of Pure Gym on all acquisitions.

Back to all news

August 2020

Private buyer for Waitrose in Stamford

Private buyer for Waitrose in Stamford.

The freehold let to Waitrose in Stamford, Lincolnshire has changed hands as another example of the popularity of foodstore investments in the current market. Terms were agreed during the early 2020 lockdown period with competing bids presented to the private owner advised by JLL. The store of around 27,800sqft is let to Waitrose until November 2029 at £430,000pa and the price of just over £7,000,000 reflected an initial return of approx 5.7%. The purchaser, a private Estate, was represented by Edgerley Simpson Howe.

 

Back to all news

August 2020

LIDL upsize in Hereford

Lidl upsize in Hereford.

ESH, acting on behalf of The Charities Property Fund c/o Savills IM have successfully agreed a new 25 year lease granted to Lidl on Brook Retail Park. Lidl, who formerly occupied approx. 12,000 sq ft will upsize in their current location to a store of 18,635 sq ft. The unit will also undergo refurbishment in line with the retailers modern specification.

Back to all news

July 2020

Aberdeen standard investments secure new LIDL letting in Basingstoke

Aberdeen Standard Investments secure new Lidl letting in Basingstoke.

Aberdeen Standard Investments have successfully secured a new letting to Lidl at Hatch Warren Retail Park, whilst furniture retailer Dreams has relocated within the scheme.

Lidl have taken a new 23 year lease on a 20,500 sq ft unit formed of the former Dreams unit and the adjacent former Argos unit, who vacated at lease expiry. Dreams have relocated to the former Ponden Homes unit within the scheme on a 10 year lease.

ESH acted for Aberdeen Standard Investments.

Back to all news

June 2020

CCLA acquire prime Leeds asset

CCLA acquire prime Leeds asset.

CCLA has successfully acquired The Range unit, which forms part of Birstall Shopping Park.

The solus store which extends to approx. 43,000 sq ft was previously occupied by Toys R Us but fell vacant following the retailers administration. The Range opened in October 2019 and is positioned in a prime out-of-town retailing destination alongside Birstall Retail Park. Adjacent and nearby occupiers include IKEA, Next, Boots, M&S, Curry’s, Pets at Home & Barker & Stonehouse.

The unit is let off a low starting rent of £10.00 per sq ft and benefits from a WAULT of 10 years. CCLA purchased the asset for £5.545m, reflecting a net initial yield of 7.25%.

Edgerley Simpson Howe acted on behalf of CCLA.

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 ...