GLL buys One Brindleyplace
German fund manager GLL Real Estate has bought One Brindleyplace in Birmingham from Trinova Real Estate for £37m – a 5.25% net initial yield.
GLL has bought the 68,000 sq ft building on behalf of its Luxembourg-based GLL Pan-European Fund.
Colliers International advised GLL; JLL represented Trinova.
Threadneedle snaps up Maple
Threadneedle Investments has bought the Maple Portfolio from Rockspring for £30m – an 8% yield.
The six-asset South East industrial portfolio totals 300,000 sq ft. Assets include Wollaston Industrial Estate in Basildon, Essex, and Lloyds Court in Crawley, West Sussex.
Allsop advised Threadneedle; Lambert Smith Hampton acted for Rockspring.
REI buys Midlands portfolio
Real Estate Investors has bought a Midlands retail and office portfolio for £22.2m – a 8.22% yield.
The properties generate £1.9m pa and include offices let to NPower in Oldbury, Sandwell.
Knight Frank, GBR Phoenix Beard and Bond Wolfe advised REI; the private vendors were represented by JLL, CBRE and Steadman Brierley.
InfraRed buys North West sheds
InfraRed Capital Partners has bought a portfolio of North West sheds from Stretton Property Group for £42m – a 7% yield.
The 1m sq ft portfolio includes nine multi-let sheds with a vacancy rate of 20%.
Dowley Turner Real Estate; Peloton Properties acted for InfraRed; Stretton was represented by CBRE.
NFUM splashes £44.5m in Toon
NFU Mutual Insurance Society has bought a Sainsbury’s and a Peugeot dealership in Newcastle for £44.5m – a 5% yield.
The 10.4-acre site in Heaton was purchased from Hanro.
HSM and GCW advised NFU Mutual; Knight Frank and Gavin Black & Co acted for Hanro.
