Bracton House sells for £21m
The Medical and Dental Defence Union of Scotland has purchased Bracton House, 34-36 High Holborn, WC1 for £20.9m, a yield of 4.4%. The 23,000 sq ft mixed-use building is let to Shed Media, a subsidiary of Warner Brothers. Daniel Watney advised the Union; Blackman Investments advised the private Greek vendor.
Aberdeen buys Soton Next
Aberdeen Asset Management has bought a Next outlet in Hedge End, Southampton from Town Quay developments for £31m, a 4.4% yield. The 86,500 sq ft property was sold by Town Quay Developments. Green & Partners advised the vendor; Harvey Spack Field acted for Aberdeen.
Knight Frank IM buys UBS HQ
Knight Frank Investment Management is under offer to buy UBS’s global asset management HQ at 21 Lombard Street, EC3. Knight Frank Investment Management will pay around the £125m asking price, a 4.91% yield, for the 115,995 sq ft office building, which is let to UBS until 2026. DTZ acted for the private vendor; Knight Frank advised Knight Frank Investment Management.
KW takes Bridget home
Kennedy Wilson has completed the purchase of Aviva’s Bridget portfolio for £503m – a yield of 6.9%. The 3.5m sq ft portfolio includes 180 mixed-use properties. JLL acted for Aviva; CBRE advised Kennedy Wilson.
DHL picks up Cheshire shed
DHL has completed a sale and leaseback of its Supply Chain logistics facility at Ashton Lane in North Runcorn, Cheshire. Oxenwood Real Estate and Catalina Holdings paid £21m – a yield of 8.2% – for the 650,313 sq ft building. DTRE represented the buyers;
CBRE and B8 Real Estate advised the vendors.
Bracton House sells for £21m
The Medical and Dental Defence Union of Scotland has purchased Bracton House, 34-36 High Holborn, WC1 for £20.9m, a yield of 4.4%. The 23,000 sq ft mixed-use building is let to Shed Media, a subsidiary of Warner Brothers. Daniel Watney advised the Union; Blackman Investments advised the private Greek vendor.
Aberdeen buys Soton Next
Aberdeen Asset Management has bought a Next outlet in Hedge End, Southampton from Town Quay developments for £31m, a 4.4% yield. The 86,500 sq ft property was sold by Town Quay Developments. Green & Partners advised the vendor; Harvey Spack Field acted for Aberdeen.
Knight Frank IM buys UBS HQ
Knight Frank Investment Management is under offer to buy UBS’s global asset management HQ at 21 Lombard Street, EC3. Knight Frank Investment Management will pay around the £125m asking price, a 4.91% yield, for the 115,995 sq ft office building, which is let to UBS until 2026. DTZ acted for the private vendor; Knight Frank advised Knight Frank Investment Management.
KW takes Bridget home
Kennedy Wilson has completed the purchase of Aviva’s Bridget portfolio for £503m – a yield of 6.9%. The 3.5m sq ft portfolio includes 180 mixed-use properties. JLL acted for Aviva; CBRE advised Kennedy Wilson.
DHL picks up Cheshire shed
DHL has completed a sale and leaseback of its Supply Chain logistics facility at Ashton Lane in North Runcorn, Cheshire. Oxenwood Real Estate and Catalina Holdings paid £21m – a yield of 8.2% – for the 650,313 sq ft building. DTRE represented the buyers;
CBRE and B8 Real Estate advised the vendors.
