Carter Jonas’ West End HQ sold
The headquarters of Carter Jonas and CoStar at One Chapel Place, W1, has been sold for around £60m. Schroders-managed WELPUT has sold the 35,000 sq ft block to a Hong Kong client of Jeremy Titchen’s Rockhopper Real Estate for a 3.55% yield. CBRE and Strutt & Parker acted for the vendor.
LaSalle offloads in Romford
LaSalle Investment Management has sold its 68,000 sq ft Rom Valley retail park in Romford, Essex, to IM Properties. The sale price of £20.5m reflects a net initial yield of 6.12%. Morgan Williams acted for LaSalle; Cushman & Wakefield acted for IM Properties.
Emperor sale crowns £137m
Goodman and Legal & General Property have completed the £137m sale of the Emperor portfolio to Harbert Management Corporation at an 8.2% yield. The portfolio covers 807,000 sq ft across nine business parks owned by the Arlington Business Parks Partnership joint venture. CBRE acted for Harbert; Strutt & Parker advised the jv.
LondonMetric hauls shed deal
LondonMetric has bought a 410,000 sq ft shed let to Eddie Stobart in Dagenham, east London, for £56.5m. Meaalofa Developments Holdings – a Longbow-funded joint venture between Sheikh Holdings and Landid – sold the property, with the price reflecting a 5.1% yield. DTRE advised LondonMetric; Savills represented the joint venture.
DTZ Investors buys in Herts
DTZ Investors has bought Axa Real Estate’s Watford Interchange industrial estate in Hertfordshire for £7.5m. The purchase of the 59,384 sq ft site reflects a net initial yield of 5.61%. Valore Real Estate acted for DTZ Investors; JLL and Whitmarsh Holt Young acted for Axa Real Estate.
