Palmer exits industrial trio
Palmer Capital has sold three industrial buildings totalling 169,400 sq ft at Eurocentral in Scotland for £9.3m to a property company and a JLL-managed private property fund. MWM Property acted for Palmer Capital; JLL advised the private property fund.
Henley reverses out of Coventry
Private equity investor Henley has sold its Peugeot distribution centre in Coventry to CCLA for £20m after purchasing the property for £14m in January. The 603,098 sq ft shed is let for 14 years, with the deal reflecting a net initial yield of 7%. Henley was advised by Winston Private Capital; MK2 advised CCLA.
Deutsche AWM crowns buy
Deutsche Asset and Wealth Management has completed the purchase of the CONNECT110NS development at 110 Queen Street in Glasgow city centre for from BAM for £70m. The scheme is due to complete in June 2015. JLL advised Deutsche AWM.
LondonMetric buys Dixons shed
LondonMetric Property has acquired the Dixons retail distribution centre in Newark, Nottinghamshire, for £68.5m – a 6.4% net initial yield – from a private investor. The 726,200 sq ft asset is let at a rent of £4.5m pa and has an 18.8-year unexpired lease term. DTRE acted for LondonMetric.
Roubaix bags Market Gate
Roubaix Group has bought Marketgate shopping centre in Lancaster in an off-market deal for £22m – a 7% yield – from a private owner. Roubaix Group was unrepresented; the vendor was advised by Coady Supple.
M&G stacks up Reading office
M&G Real Estate has bought the 100,000 sq ft R+ development in Reading from Consi Investments for £33m. Savills advised M&G; Measures & Co and Tudor Toon acted for Consi Investments.
