Fawcett Mead have recently acted on the sale of the Trueman Potfolio to Thackeary Estate on behalf of Columbia Threadneedle.
- A mixed use, high street portfolio, with properties in Liverpool, Peterborough and Reading.
- Price: £2,000,000
The Trueman Portfolio consisted of a Bella Italia, located in Liverpool, a Pizza Express located in Peterborough and a Boots Opticians situated in Reading.
Graham Fawcett commented "Our client was delighted with this off market sale. This sector is having a tough time and we feel this represents an excellent result in the current situation"
Many thanks to Prime Retail who acted for the purchaser.
Fawcett Mead are pleased to have advised on the disposal of 7 Co Operative food stores located throughout the UK.
- Fawcett Mead are delighted to have advised on the sale of this food store portfolio to LXI REIT PLC. The portfolio was exchanged within just 9 days.
- Price: Quoting £23.45m
James Mead commented "We are delighted to have advised Investec on this supermarket portfolio. The seven food stores represented a secure, index linked group of long leases to the undoubted covenant of the CO-OP. The level of interest was very good and with a number of new entrants to the market reviewing and bidding on the assets".
M&Co Portfolio : 9 retail properties
Acting jointly with Acuitis, Fawcett Mead have sold 9 M&Co stores on a sale and leaseback basis. The stores in Wootton Bassett, Barnard Castle, Gosport, Cosham, Whitehaven, Trowbridge, Houghton Le Spring, Chester le Street and Ashington produced a total rent of £407,500. The total sale price was £4,109,000. Graham Fawcett commented: "We were delighted with this sale and it shows that rack rented assets sell well in the current market if they are priced correctly". The purchasers were private investors.
- Passing Rent: £407,500 per annum
- Price: £4,109,000
Zurich Portfolio : 22 Retail Properties
Fawcett Mead are delighted to have advised Columbia Threadneedle on the disposal of 22 retail properties throughout the UK with towns including Sheffield, Yeovil, Bognor Regis and Lichfield. The properties were let to a range of retailers on varying lease lengths. For more information please call Tom Heptonstall or Jonathan Mills.