Helical Bar has purchased a number of properties, including the Sun and Mint portfolios, from Aberdeen Asset Management for a total of £46m, representing a net initial yield of 7.9%.
The Sun portfolio comprises three single-let units and two multi-let industrial estates totalling 266,172 sq ft. The portfolio provides 11 units fully let to nine tenants, with a WAULT of 5.95 years to expiry.
The Mint portfolio includes three retail warehouses and five high street retail assets. The retail warehouses provide 132,493 sq ft of space and are located in Leigh, Peterlee and Stoke on Trent.
The high street shops are located in Colchester, Leicester, Nottingham and Plymouth and amount to 34,800 sq ft of space. All the assets are fully let and the portfolio provides a WAULT of 7.23 years to expiry.
The company has also purchased the 4:2 portfolio from Ignis for £22.1m reflecting a net initial yield of 8.3%. The portfolio comprises four office properties, in Cheadle, Southampton, Bristol and Uxbridge, with a total area of 82,179 sq ft; and two industrial properties located in Chichester and Warrington providing 125,000 sq ft of space.
Helical has also completed two single asset purchases: a 36,258 sq ft B&Q Warehouse in Ellesmere Port, Cheshire for £5.33m from Threadneedle reflecting a net initial yield of 7.1%. And 74,954 sq ft of space at London Road Retail Park, Southend-on-Sea for £15.7m from the receivers acting for RBS, reflecting a net initial yield of 7.1%.
