We acted for a private UK investor on the acquisition of this prime Mayfair office investment in 2016. The property is fully let and income producing. The purchase was secured in a competitive process.
We acted for a UK Fund on the acquisition of this prime central Reading office building in 2017. The building comprises c.150,000 sq ft of office space arranged over three interlinking buildings. The property was secured in a selective marketing process for an undisclosed sum.
We have been involved in this pooled London office fund since its inception in 1999, representing the interests of one of the key investors, a UK pension fund. The fund has invested in several trophy office buildings in core markets including Belgrave House, 10 Grosvenor Street and Almack House. At its largest the fund had approximately £800 million assets under management.
Chapman Petrie sold this trophy retail asset on behalf of a UK Pension Fund. The newly developed property was purchased by an UHNW Asian investor for £56 million achieving a substantial premium to valuation.
This trophy retail and office development was acquired on behalf of a UK institution. Since the asset was purchased, rents have doubled whilst there has been substantial yield compression resulting in a significant increase in capital value.
We acted for the purchaser Viridis, on the acquisition of this prime development project in close proximity to Farringdon Station. The asset was acquired in a competitive bidding process from the vendor Nama. The property is still undergoing works to provide a new 140,00 sq ft prime office building.
We recently sold this prime multi let office building on behalf of a major UK institution. The property had been intensively asset managed over the previous 3 years including a full refurbishment and re-letting which had driven value substantially. A sale at in excess of valuation provided our client with a clean, profitable exit and provided vindication of the asset management strategy that had been implemented.
Acting on behalf of a major UK pension fund we agreed the forward funding of this new retail warehouse park. The scheme is pre-let to M & S and Next amongst others and has a projected end value of circa £35 million.
The property was secured at a substantial discount to the Vendor’s valuation and provided our client with a number of immediate value add opportunities through both new lettings, lease renewals and the development of new units. The park is the dominant bulky goods provision for the wealthy local catchment and demand for units on the scheme is very strong offering rental growth opportunities for our client in the future.
We acted for Standard Life on the acquisition of this prime central London foodstore. Comprising c.62,500 sq ft this is one of a few large foodstores in Central London and is let on a long lease to Sainsburys. The asset was acquired in an off market transaction for c.£50M.