Sale of Wickes, North Shields

March 21, 2011

The BlackRock UK Property Fund has sold the Wickes store located on Middle Engine Lane, North Shields to LaSalle Investment Management for £5.15 million, a net initial yield of 6.75%.

The property comprises 28,200 sq ft and is let for a further seven years at a passing rent of £368,400 pa.

Edgerley Simpson Howe LLP advised The BlackRock UK Property Fund and Harland Griffiths advised LaSalle Investment Management.

-Ends-

Latest News

MOORGARTH LAUNCHES PM+U – A NEW KIND OF PROPERTY MANAGEMENT COMPANY

February 19, 2021 - 16:07

The highly successful team behind Moorgarth Property Management has launched a new property management company – PM+U – specialising in retail, office and leisure assets across the UK. Under the l[...]

+ Read More

ARLINGTON TO DEVELOP ONE OF LONDON’S FIRST DEDICATED LIFE SCIENCE DEVELOPMENTS

February 16, 2021 - 11:08

Arlington has received full planning consent for a building that is set to become one of London’s first fully lab-enabled buildings to be delivered by a commercial property investor. Known as Refine[...]

+ Read More

WILFORD LANE DEVELOPMENTS SELLS OFF WEST BRIDGFORD SCHEME IN NOTTINGHAM

February 9, 2021 - 12:36

Wilford Lane Developments Limited (WLDL) – a joint venture between Kuwaiti developer/investor Salhia Real Estate Co KSC and Simons Developments Ltd – has sold the commercial element of its Wes[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR