Chancerygate sells £13.3m shed
Chancerygate has sold a 79,000 sq ft industrial unit to Ecclesiastical Insurance for £13.3m, reflecting an initial yield of 5.5%. The property, at 130 Oldfield Road, Hampton, Middlesex, was developed by Chancerygate in 2006 and prelet to Hallite Seals International. Chancerygate was advised by Tudor Toone; Cluttons advised Ecclesiastical Insurance.
Benson bags Vicarage Field
Benson Elliot has acquired the Vicarage Field shopping centre in Barking, east London, for £35m in an off-market deal. Northern Irish joint venture Lagmar sold the 5.2-acre site, with the price reflecting a net initial yield of 8.5%.
Workspace flies in for Angel
Workspace has completed the purchase of Angel House at 338 Goswell Road, EC1, from Gascoyne Estates and Bolton Group for £34.2m – a 3.67% yield. The 45,808 sq ft block is let to tenants including Gocardless and the NHS. Allsop and Richard Susskind & Company acted for the vendors; Knight Frank advised Workspace.
Opus acquires Brum offices
Midlands-based developer Opus Land and Palmer Capital have acquired the 140,000 sq ft office block at 54 Hagley Road, Edgbaston, Birmingham, for £23m – a 7.8% yield. Tudor Toone advised Westbrook; GBR Phoenix Beard represented Opus and Palmer Capital.
Correction: Bernardi’s
New flavours for Portman Village (p39, 6 June) stated that the Portman Estate had leased a restaurant at Portman Village to US-owned Italian restaurant operator Bernardi’s. Estates Gazette is happy to clarify that the Bernardi’s restaurant which has signed the lease is the first solo venture by Australian brothers Gabriel and Marcello Bernardi and has no affiliation with the US restaurant group of the same name.
