GCW ALTERNATIVE SECTOR TEAM SECURES FIRST INVESTMENT DEAL

July 5, 2017

GCW’s Alternative Sectors team has advised Stax Nurseries Ltd on the sale of a nursery in Farnham, Surrey to Alpha Real Capital for £2.11m, reflecting a net initial yield of 5.02%. The investment provides a rent of£112,500 pa on a 25-year lease, with a tenant break at year 15. 

The 6,100 sq ft building is located on Wilkinson Way between David Lloyd Farnham and Farnham Rugby Club. The investment asset is new and purpose built for tenant Bright Horizons Family Solutions, which opened its Farnham Day Nursery and Pre-school this month.

The sale marks the first ‘alternatives’ investment deal since GCW’s Alternative Sectors team was set up. The retail property specialist launched the new division to meet the requirements of specialist operators such as gyms, nurseries and care homes which now vie for retail sites throughout the UK. The team also acts for nursery operator Busy Bees which is actively looking for new potential sites.

 

GCW acted for Stax while Alpha Real Capital was advised by CBRE.

Latest News

REDEVCO TO REFURBISH OXFORD STREET BUILDING WITH NET ZERO CARBON AMBITION

May 9, 2024 - 11:01

Redevco is to refurbish its retail and office building at 376-384 Oxford Street, central London to create new space that will be net zero carbon in operation and deliver a leading example of modernise[...]

+ Read More

Strategically located 343,000 sq ft Cambridge Discovery Campus given go ahead by planners

April 18, 2024 - 11:07

Resolution to grant permission for new science and innovation campus to the south of Cambridge city Property investment and development company, Bridgemere, in conjunction with Foundation Capital Vent[...]

+ Read More

DOUBLE LETTING SUCCESS FOR IPIF IN WOKINGHAM

April 8, 2024 - 14:24

IPIF, advised by Haslams Surveyors and Cushman & Wakefield, has achieved two lettings totalling over 22,500 sq ft at its Millars Business Park at Fishponds Close, Wokingham. There are now only two[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR