US data centre giant Digital Realty Trust has bought three UK data centres totalling 761,000 sq ft from Andy Ruhan’s Sentrum for £715.9m – a yield of 7.5%. The sites in Woking, Watford and Croydon, referred to as the Sentrum Portfolio, have an occupancy rate of 80%. CBRE acted for Digital Realty Trust; Sentrum was unrepresented.
L&S cleans up on Unilever HQ
London & Stamford has bought Unilever House in Leatherhead, Surrey, from Scottish Widows Investment Partnership and Orchard Street Investment Management for £61.2m – a 6.85% yield. The 180,000 sq ft building is the HQ of Unilever, which pays a rent of £4.4m pa. Dowley Turner Real Estate acted for L&S; Knight Frank advised the vendors.
PRUPIM’s Temple Circus prey
PRUPIM has purchased the Temple Circus building in Bristol from Aviva Investors’ and Hermes’ Serviced Office UK Fund. It paid £26m – a 7.4% yield. Tenants at the 90,000 sq ft office block include Oval Insurance Broking. PRUPIM was advised by Cushman & Wakefield; DTZ acted for Serviced Office UK Fund.
LIM goes shopping in Coventry
LaSalle Investment Management has bought a shopping block in Coventry from Canadian & Portland for £11.9m – a yield of 7.6%. The site, at 41-47 The Precinct and 5-15 Market Way in the city centre, is let to BHS and Carphone Warehouse. Kitchen La Frenais Morgan acted for LIM; Canadian & Portland was advised by John Miles & Company.
E&Y sheds Doncaster site
EIRP has bought a 305,000 sq ft shed in Doncaster, South Yorkshire, out of administration for £10.2m – a yield of 9.3%. Ernst & Young, administrator to former owner Canley 6, sold the shed, which is let to DHL. Edward Hine represented EIRP; CBRE advised the vendor.
