A 160 bed Premier Inn hotel adjacent to Old Trafford football stadium. The freehold interest was sold to an overseas fund in an ‘off market’ deal. The hotel was let to Premier Inn Hotels Ltd on a long lease, subject to a break clause in 2046 and benefitted from 5 yearly rent reviews subject to CPI increases, capped and collared at 2% and 6%.

A 296 bed Travelodge hotel adjacent to Terminal 5 and the M25 Motorway. The freehold interest was sold by ESN, clients of CBRE Global Investors to a major UK institution. The hotel was let to Travelodge Hotels Ltd for a term expiring in 2038 and benefitted from 5 yearly rent reviews subject to RPI increases.

A 151 bed Travelodge hotel adjacent to London City Airport in the Royal Docks. The long leasehold interest was sold to Unilever (UK) Pension Fund, clients of CBRE Global Investors in an ‘off market’ deal at a yield of sub 5%. The hotel was let to Travelodge for a term expiring in June 2038, benefitting from 5 yearly rent reviews subject to RPIX increases.

An exceptional four star 131 bed hotel let to Hilton Worldwide for a further 79 years. The hotel is located 100 metres from the Haymarket tram and train stations, close to Edinburgh city centre. The heritable title was acquired by Staffordshire County Council Pension Fund, clients of Colliers Capital at a yield of sub 4.5%.

Prominent hotel adjacent to Reading’s Oracle Centre, comprising 151 bedrooms and let to Premier Inn for a further 18 years together with a ground floor retail unit let to Evans Cycles. The investment was acquired by ESN, clients of CBRE Global Investors at a yield of sub 4.5%.

A 44,000 sq ft modern distribution facility let to ProCook on a new 20 years lease, without break. The long leasehold interest was acquired by way of a sale and leaseback at an initial yield of 5.5%.

A modern warehouse facility comprising 72,500 sq ft, let to Crown Packaging for in excess of 10 years. The long leasehold interest was acquired by FWHRE at an initial yield of 5% from a private investor.

A modern warehouse facility comprising 90,500 sq ft and let to Great Bear Distribution until May 2024. The freehold was acquired by FWHRE at an initial yield of 6.34% from La Salle Investment Management.

A premier distribution unit of 210,000 sq ft adjacent to the M1 motorway at Junction 15. The property was let to Yusen Logistics for approximately 9 years and the purchase price, concluded by way of a swop deal, reflected a net initial yield of 5.5%. In exchange, Segro disposed of two Premier Inn hotels in Uxbridge and Enfield at a price reflecting a yield of 4.7%, to a private UK based family trust.

A modern warehouse facility comprising a total floor area of 132,000 sq ft and let to Spectrum Brands (UK) Ltd until January 2030. The freehold was acquired by FWHRE at an initial yield of 6.24% from an overseas investor.

A distribution unit of 170,000 sq ft located on one of the UK’s premier distribution parks within close proximity of the M1 motorway. The property was let to Travis Perkins for approximately 10 years and the purchase price reflected a net initial yield of sub 5.5%. The asset was acquired by Zurich Insurance, clients of CBRE Global Investors from London Metric.

A modern well located cash and carry unit within the south west quarter business district of Lincoln, close to the A46. The property comprised approximately 48,000 sq ft and was let to Booker Ltd for a further 9 years. The freehold interest was acquired at a yield of 6.8%.

A brand new industrial and warehouse facility situated in the commercial area of Darlington close to the A1(M) motorway. The unit comprised a total floor area of 34,000 sq ft and was let to FPE Seals guaranteed by Diploma Holdings Plc on a new 15 year term with the benefit of two fixed rental increases in 2020 and 2025. The freehold was acquired at an initial yield of 5.8% from the developer.

A modern well located 60,000 sq ft distribution and cold storage facility on a 1.95 hectare (4.8 acre) site, close to junction 7 of the M6 Toll Road. The unit was let to BFS Group (trading as 3663) for a further 12 years. The freehold was acquired at a yield of 7.8%.

A new parcel distribution warehouse facility located 20 miles to the south west of Norwich adjacent to the A11. The unit comprised approximately 36,700 sq ft with 5 dock level and 26 level access loading doors. The property was let to Geopost UK Ltd, trading as DPD for a term of 20 years from 2013. The freehold interest was acquired from the developer at an initial yield of 6.5%.

A portfolio of two multi let and one single let industrial assets totalling 140,000 sq ft in Wellingborough, Glasgow and Swanley. The single let unit in Glasgow was let to Parcelpoint for a further 5 years whilst the multi let assets in Wellingborough and Swanley were let to tenants including Ray Mallock, Palco, Keyboard Print solutions and West House Transport.  The portfolio was acquired by Threadneedle Property Investments at a yield of 7.5%.

Grade A office accommodation comprising 62,724 sq ft let to Aviva Central Services UK Limited, guaranteed by Aviva insurance limited for a term expiring in December 2029. The freehold interest was acquired by FWHRE at a yield of 6.31% from Lothbury Investment Management.

Office accommodation on an established business park comprising 32,292 sq ft on ground and three upper floors together with 136 car spaces. Let to MacMillan Publishers International Ltd and HM Publishers Holdings Ltd for a term expiring March 2026 with tenants options to break in March 2021. The freehold interest was acquired from Shire Pharmaceuticals Development Ltd.

A modern office building of 111,000 sq ft arranged over 3 floors with the benefit of 734 car spaces. The building is let to the Automobile Association Developments Ltd, guaranteed by AA Plc, on a lease expiring 2028 at a rent equating to £14.50 per sq ft. The freehold interest was acquired by SCPI Corum XL from vendor RREEF. Lindley Mortimer acted jointly.

A modern office building comprising 20,439 sq ft with 54 car spaces, completed in 2007. The lease was re-geared to a new 25 year term with the benefit of RPI increases 5 yearly, subject to a minimum of 1% and a maximum of 3%. Acquired from a developer who owned the adjoining site where an additional office is to be constructed for SIG.

A modern newly refurbished office building of 21,500 sq ft with 82 car spaces, let to Barratt Developments for 10 years. Recently acquired for FWHRE at a price of £3.625m, reflecting a net initial yield of 6.75%.

A modern office building constructed in 2011 of 16,500 sq ft arranged over 6 floors with the benefit of 20 car spaces. The building was let to the Metropolitan Borough of Bury on a lease expiring in 2036 subject to 5 yearly rent reviews to the higher of OMV or 2% per annum compounded. The long leasehold interest was acquired by a South African fund at an initial yield of 6%. The property was subsequently sold in early 2017 to Greenridge.

A modern office building constructed in 2009 of 16,500 sq ft arranged over ground and five upper floors with the benefit of 19 car spaces. The building was let to Sky on a lease expiring in 2025 subject to 5 yearly rent reviews to the higher of OMV or RPI subject to a minimum of 1% maximum of 3%. The long leasehold interest was acquired by a South African fund at an initial yield of 7%. The property was subsequently sold in early 2017 to Greenridge.

A modern office building constructed in 2006 and comprising 17,500 sq ft with 65 car spaces. The building was let to Keepmoat on a lease expiring in 2030, subject to a tenant’s break in 2027. The lease allowed for 5 yearly rent reviews to the RPI index, capped and collared at 2% and 4% per annum compounded. The long leasehold interest was acquired by FWHRE at an initial yield of 6.74%.

Asparagus was sold on behalf of a Danish K/S vehicle. Let to J D Wetherspoon Plc on a 40-year full repairing and insuring lease for a term expiring on the 4th May 2038, subject to a tenant’s break on 5th May 2023. The freehold was acquired by J D Wetherspoons.

Sold on behalf of a Danish K/S vehicle. The property was let to Matalan Retail Ltd for a term of 10 years from November 2018 on full repairing and insuring terms at a passing rent of £195,022 per annum. The freehold and long leasehold interests were acquired by Seneca Properties.

The Richard John Blacker in Central Liverpool was sold on behalf of a Danish K/S vehicle. Let to J D Wetherspoon Plc on a 35 year full repairing and insuring lease for a term expiring in June 2034 subject to a tenant’s break in June 2029 at a current passing rent of £295,121 per annum. The long leasehold interests were acquired by J D Wetherspoons.

Lindley Mortimer acted on the surrender of three long let assets to M&S, administered by Habro Properties, The buildings are to be retained and actively managed by Habro.

A modern standalone food store of 8,553 sq ft adjacent to an Aldi and let to M&S Simply Food Ltd for a further 13 years (subject to tenants break in 8 years). The freehold was sold to a price investor for £2.425m, 5.15%.

A modern retail warehouse of 26,675 sq ft, let to B&M Retail Ltd for a term expiring in 2028. The freehold interest was acquired by FWHRE a yield of 6.25% from a private investor.

A portfolio of four Wetherspoons Pubs in Stockton, Middlesborough, Folkestone and Harlesden sold on behalf of a two Danish K/S vehicles.

A modern retail warehouse of 21,722 sq ft, let to Wickes Building Supplies Ltd for 20 years from 1st May 2015. The freehold interest was acquired by FWHRE at a yield of 6.45% from LondonMetric.

A purpose built supermarket, in Hoddesdon town centre, opposite an Aldi supermarket let to Iceland for a further 13 years (8 years to break). Sold to a private investor for £2.15m, an initial yield of sub 5.5%.

A standalone retail warehouse of 21,200 sq ft close to the A43 and adjacent to a Tesco’s superstore. Let to B&M Retail for a further 13 years. The freehold interest was acquired by FWHRE at a yield of close to 6% from the Milton Keynes Park’s Trust.

A well located retail property on the pedestrianised pitch, opposite The Rock Shopping Centre. The unit comprised circa 37,000 sq ft and was let to Wilko’s for in excess of 14 years with two further fixed rental increases. The freehold interest was acquired at an initial yield of 6.50%.

A purpose built health and fitness facility of 38,000 sq ft including a swimming pool. The property was let to Nuffield with 12 years remaining and two fixed rental increases in 2017 and 2022.
The property was acquired by OLIM on behalf of BAE System Pension Funds Trustees at an initial yield of 7%.

A prime high department store of 47,500 sq ft, let to Debenhams on a lease expiring in 2076, subject to 5 yearly rent reviews. Acquired on behalf of Habro Properties from an overseas investor at a yield of 4.75%.

A modern well located builders merchants of 14,000 sq ft let to Jewson Ltd (trading as a Gibbs and Dandy) for a further 15 years. The freehold interest was acquired by Mayfair Capital’s Income Plus Fund at a yield of 6.25% from clients of CBRE Global Investors.