Thomson Reuters HQ sold
Chinese conglomerate HNA Investment Holding has exchanged contracts to buy the Canary Wharf HQ of Thomson Reuters from KanAm. The 305,600 sq ft 30 South Colonnade, E14, has sold above the £215m price tag, reflecting a 5.5% yield. EY advised HNA; KanAm was represented by JLL and CBRE.
Stone makes £20m first buy
Former Candy & Candy and Savills director Simon Stone has made his first purchase since founding his own property company in April. Stone Real Estate has paid about £20m for the 40,000 sq ft office refurbishment project Riverview House in Hammersmith, W6. The vendor was an unrepresented private European investor. Boston Gilmore advised Stone Real Estate.
Clearbell rings up £16.5m
Clearbell Capital has sold One Park Lane, Hemel Hempstead, Herts, to Floreat Real Estate’s Real Assets Global Opportunity Fund I for close to £16.5m – a 7.4% yield. The building, built in 1989, covers 96,135 sq ft. Capita acted for Clearbell; Bidwells represented Floreat.
Criterion sells up in Sutton
Asif Aziz’s Criterion Capital has sold its leasehold interest in the St Nicholas Centre in Sutton, south London, to AEW Europe, for £71.6m – a 6.5% yield. The 434,504 sq ft centre includes 67 retail units and a multi-screen cinema. Michael Elliott and Savills advised Criterion; Strutt & Parker and Tudor Toone advised AEW.
Premier deal for Maple Grove
Maple Grove Developments, part of the Eric Wright Group, has sold its 60-bedroom Premier Inn hotel and 3,500 sq ft ground floor restaurant at Blackburn Cathedral Quarter off-market to Knight Frank Investment Management. The £4.8m purchase, on behalf of the Lancashire County Pension Fund, reflects a yield of 5.8%.
