M7 picks up Omega portfolio
M7 Real Estate has bought Goldman Sachs’ Omega portfolio for £128m, a 9.2% yield, in a purchase backed by the Kwok family.
The portfolio comprises 11 offices, eight industrial properties and seven retail properties in the UK and totals 1.6m sq ft.
Knight Frank acted for Goldman and Square Metre.
M7 was unrepresented.
BT telephone exchange sold
Telereal Trillium has sold 268–270 High Holborn, WC1, to Columbia Threadneedle for £42.7m – a 3.4% yield.
The 67,800 sq ft, purpose-built telephone exchange is let entirely to BT for 30 years.
Farebrother acted for Telereal Trillium; Finn & Co and Savills represented the buyer.
L&G grabs Marston’s portfolio
Legal & General Property has completed on the sale and leaseback of seven Marston’s pubs in the UK for £25.3m – a 4.2% yield.
The deal includes Marston’s HQ in Wolverhampton for £9.3m – a 4.3% yield.
Savills advised LGP on the pubs; Jackson Criss acted for LGP on the HQ; King Street Commercial represented Marston’s.
Tellon shops on high street
Tellon Capital has bought the Rose Portfolio from Aviva Investors for £24m – a 4.7% yield.
It includes eight shops, in Oxford, Chester and Kingston-Upon-Thames, and has an annual rental income of £1.2m.
Savills advised Tellon; CBRE represented the vendor.
Schroder buys in Newcastle
Schroder Real Estate, through its Regional Office Property Unit Trust, has bought Earl Grey House in Newcastle from a private vendor for £11.9m – a 6.6% yield.
The 58,803 sq ft office and leisure scheme is partially let to 10 tenants including Rathbones and Grant Thornton.
CBRE and Steadman Brierley represented Schroder; Knight Frank represented the vendor.
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