Altum acquires Debenhams, Nottingham

September 5, 2017

Altum Capital has stepped up plans to acquire long income assets by purchasing the freehold investment of the Debenhams store in Nottingham for £25.85 million.

The prominent, landmark building is located on Old Market Square in the city centre between intu Victoria and into Broadmarsh.

The store trades over four floors, with a total area of 196,604 sq ft (18,295 sq m). It is let to Debenhams Retail Plc until 2040, with a current rent of £1,479,983 pa and the benefit of future fixed uplifts.

Jack McCarron of Altum Capital commented: “We have acquired this attractive building, occupying a substantial corner site in the heart of the city centre. Nottingham is a vibrant shopping destination and is attracting significant investment over the next few years. This acquisition demonstrates our strategy of acquiring assets with long-term income, as well as benefiting from potential alternative use value. We are considering a number of other similar opportunities across the UK.”

GL Hearn advised Altum Capital. Colliers International represented the vendor.

 

Latest News

BLUEBOOK EXPANDS AGENCY TEAM

May 10, 2021 - 09:41

London Office specialist Bluebook has expanded its agency team with the recruitment of Tor Cuming and Ollie Pardoe from Avison Young and Cluttons respectively. Tor joins as an Associate and Ollie as a[...]

+ Read More

TURNSTONE ESTATES SELLS SAFFRON WALDEN SITE TO OWNER OCCUPIER

April 9, 2021 - 14:12

Turnstone Estates has sold a 1.3-acre development site on Ashdon Road, Saffron Walden to tool and plant hire company GR8 who intends to build out 20,500 sq ft of commercial space of which about 7,000 [...]

+ Read More

ROB TUDOR TO SET UP NEW BUSINESS

April 9, 2021 - 14:11

Rob Tudor, one of the most high-profile UK investment agents, has left the business he established 25 years ago to set up a new agency, Tudor Real Estate (TRE),  with his daughter Abigail Tudor and[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR