Resolution on Thomas More Sq
Land Securities is in talks to sell the Thomas More Square estate to Resolution Property for around £300m – a 5.5% yield.
The fund manager is in exclusive discussions to buy the 566,000 sq ft office campus, which occupies a 4.2-acre freehold site in Wapping, E1.
CBRE is acting for LandSec; GM Real Estate is advising the buyer.
Barts bags brace on Blackfriars
McKay Securities has sold 202 and 203 Blackfriars Road, SE1, to Barts Charity for £21.5m – a 3.8% yield.
The neighbouring office buildings are let to IT Training Rooms and the Overseas Development Institute.
Savills advised McKay; Gryphon Property Partners acted for Barts.
Thor buys Oxford Street block
Thor Equities and Chenavari Investment Managers have completed a deal to buy 145 Oxford Street, W1, from a private investor for £40m – a 2.75% yield.
The 8,000 sq ft mixed-use corner building is laid out over five floors.
Matalan hub boxed up for Tritax
Tritax Big Box REIT has bought Matalan Retail’s northern distribution centre at Knowsley Business Park in Liverpool for £42m –a 6.27% yield.
The 578,127 sq ft property is next to Matalan’s new 115,000 sq ft headquarters and has an unexpired lease term of 21 years.
B8 Real Estate represented Tritax; JLL acted for the vendor.
Thackeray’s SW shopping spree
The Thackeray Estate has bought a portfolio of offices and shops at Hardwicks Square in Wandsworth, SW18, and Putney Wharf, SW15, for £4.6m – a 7% yield.
The Wandsworth assets include five shops totalling 9,003 sq ft, while the Putney Wharf assets include two shops totalling 9,902 sq ft.
Finn & Co advised the private vendors of Putney Wharf; Hardwicks Square was sold through the Andrew Scott Robertson auction.
