Pacific Eagle scores in London
Hong Kong-based Pacific Eagle is buying 71 Queen Victoria Street, EC4, for around £220m – a 4.5% yield. The high net worth family office is buying the 202,000 sq ft building from a private Israeli investor. Savills advised the vendor; Cushman & Wakefield represented Pacific Eagle.
Hermes sells Bermondsey office
Hermes Investment Management has sold Bramah House in Bermondsey, SE1, to Canada Life for £14.2m – a 4.48% yield. The 15,714 sq ft building was originally purchased by Hermes Investment Management for £5.6m in December 2011. Tudor Toone acted for Hermes Investment Management; Buchanan Bond represented Canada Life.
Deka completes on Atria buy
Deka has completed its purchase of 200,000 sq ft office building Atria in Edinburgh’s exchange district, from Edinburgh Council for £105.2m – a circa 5.63% yield. Savills advised Deka jointly with CBRE; Montagu Evans and JLL acted for Edinburgh Council.
Rockspring in industrial buys
Rockspring has bought four UK industrial properties from funds managed by Commercial Estates Group for £21m – a 7.8% yield – in Newcastle-under-Lyme, Liverpool and Bristol. Bilfinger GVA and Deloitte Real Estate acted for Rockspring; CEG was represented by ADS Real Estate Advisors.
Tristan shops for NI retail parks
Tristan Capital Partners has bought two Northern Ireland retail parks for €55m (£44m) from West Register. It has acquired Junction One and The Outlet through its opportunity fund European Property Investors Special Opportunities 4. EPISO 4 will be working with local partner The Lotus Group on asset and project management. Cushman & Wakefield acted for Tristan and West Register.
