Ashley scores West End sale
Newcastle United owner Mike Ashley’s Sports Direct has sold the long leasehold on 120 New Cavendish Street, W1, (pictured) to the University of Westminster for £44m.
The partially occupied 32,500 sq ft office block was put up for sale via Michael Elliott and Savills in March for £38m. Hanover Green advised the university, which will use the space for academic purposes.
Rose blooms on Poland Street
English Rose Estates has sold the freehold of 21-22 Poland Street, W1, to DTZ Investors for £12m.
The art deco block includes the B Soho restaurant and 5,336 sq ft of vacant offices.
Colliers International and Michael Elliott acted for English Rose; JLL advised DTZ Investors.
Gatehouse buys Edinburgh digs
Gatehouse has bought the Fountainbridge student housing scheme in Edinburgh from Rockspring for £20m.
The 331-bed development is the fifth Gatehouse has bought since the start of 2014. It added more than 1,600 beds to its portfolio over the course of last year.
Marle Place Property advised Gatehouse; Knight Frank acted for Rockspring.
Infinity gets Doncaster’s Point
Buccleuch Property has sold the 32,000 sq ft Quay Point in Doncaster, south Yorkshire, to Infinity Investments for £4.4m – a 9% yield.
The three-storey office building on Doncaster Lakeside was acquired by Buccleuch in 2002.
Both sides were unrepresented.
New Look for Tritax Big Box
Tritax Big Box REIT is buying a New Look distribution centre at Lymedale Business Park in Newcastle-under-Lyme, Staffordshire, for £30m – a 5.9% yield.
The 397,000 sq ft shed was built in 2007 and extended in 2011. It is let until 2021.
Bilfinger GVA is representing Tritax; Deloitte Real Estate is advising vendor Deutsche Asset and Wealth Management.
