National deals round-up

Top contributors in the North East office market (lettings and occupational sales) 01/01/21 to 05/11/21 Contributor Space transacted (sq ft) BNP Paribas Real Estate 244,829 Cushman & Wakefield 131,178 Knight Frank 109,590 Avison Young 76,947 Bradley Hall Chartered Surveyors (North East) 53,727 Naylors Gavin Black 23,962 Johnson Tucker 11,105 Youngs RPS 4,041 Dunlop Heywood 1,353 Lambert Smith Hampton 1,334 This table is based on deals contributed to EG Radius as of 5 November 2021. For even more up-to-date figures across all regions and sectors plus the latest deals, view the EG Radius On-Demand Rankings. INDUSTRIAL Unit 19c, West Chirton North Industrial Estate, Elm Road, North Shields NE29 8SE (pictured) Size: 5,451 sq ft (506 sq m) Date of deal: 01/11/2021 Rent: £25,900 pa, five-year lease Lessor: Threadneedle Property Investments Lessor’s agent: Naylors Gavin Black Lessee: Electric Heating Systems Unit 1, Broadland Gate, Broadland Northway, Postwick NR13 5HB Size: 4,420 sq ft (411 sq m) Date of deal: 06/10/2021 Rent: £43,095 pa, 10-year lease Lessor: Norfolk Land Development Lessor’s agent: Bidwells Lessee: Specialist Building Suppliers Unit 3, Wilders Way, Kegworth DE74 2BB Size: 553,235 sq ft (51,397 sq m) Date of deal: 05/10/2021 Price: £100.5m, 3.83% net initial yield Vendor: Primevere Vendor’s agent:  JLL Purchaser: BlackRock Capital (Europe) Unit 5, Queens Court North, Team Valley, Gateshead NE11 0BU Size: 19,207 sq ft (1,784 sq m) Date of deal: 15/10/2021 Rent: £135,000 pa, 10-year lease Lessor: UK Land Estates Lessor’s agent: Naylors Gavin Black Lessee: Team RH Fitness Unit 6, Valley Forge Business Park, Reedyford Road, Nelson BB9 8TU Size: 18,850 sq ft (1,751 sq m) Date of deal: 19/10/2021 Price: £730,000 Vendor: P&L Property Vendor’s agent: White Acres Purchaser: Innova Solutions OFFICE 5th floor, 5 Royal Exchange Buildings, London EC3V 3NL Size: 1,668 sq ft (155 sq m) Date of deal: 14/10/2021 Rent: £86,319 pa, 10-year lease Lessee’s agent: Daniel Watney Lessee: Professional Assured Financial Services 74 Berkeley Street, Glasgow G3 7DS Size: 2,218 sq ft (206 sq m) Date of deal: 01/10/2021 Price: £407,250 Vendor: Federation of Small Businesses Vendor’s agent: Avison Young Purchaser: OIFIS RETAIL 26-32 Market Street, Kilsyth G65 0BA Size: 1,277 sq ft (119 sq m) Date of deal: 08/10/2021 Price: £120,000, 10.07% net initial yield Vendor’s agent: Falconer Property Consultants Purchaser: Garrell Financial Services Ground Floor, Westover House, West Quay Road, Poole BH15 1JF Size: 12,684 sq ft (1,178 sq m) Date of deal: 12/10/2021 Rent: £120,000 pa, 12-year lease Lessor’s agent: Sibbett Gregory Lessee: Breeze Motor Group 468 London Road, Hilsea, Portsmouth PO2 9RN Size: 11,120 sq ft (1,033 sq m) Date of deal: 28/10/2021 Rent: £170,000 pa, five-year lease Lessor: Cambridge Garage (Portsmouth) Lessor’s agent: Lambert Smith Hampton Lessee: Motorpoint To feature in the EG Radius On-Demand Rankings, please call 0845 308 8811 Photo © Naylors Gavin Black