TRAVIS PERKINS PROPERTIES LTD DISPOSE OF FARNBOROUGH HOLDING

January 21, 2019

Travis Perkins Properties Limited have sold their long leasehold interest site occupied by Dunelm and Wickes on Invincible Road, Farnborough.

Since their acquisition of the site in early 2015, Travis Perkins Properties Limited have totally refurbished the scheme. Wickes have downsized from their previous occupation and the surplus of approximately 19,000 sq ft has been let to Dunelm (Soft Furnishings) Limited on a 10 year lease, with circa 8.5 years remaining at the time of sale.

The other unit is let to Travis Perkins’ owned business, Wickes Building Supplies Limited, who have re-committed to the location on a new 20 year lease from the date of sale with a tenant break at year 10.

The asset was sold to clients of Hurst Warne for a price of £11.00 million, reflecting a net initial yield of 5.5%.

ESH advised Travis Perkins Properties Limited on the sale. Hurst Warne advised the buyer.

@PORTERFIELDPR

LATEST TWEETS

@RobertBarletta Coming soon https://t.co/Ypu8k9uWSc

@ PORTERFIELDPR

@PORTERFIELDPR

LATEST TWEETS

@RobertBarletta Ditto

@ PORTERFIELDPR

@PORTERFIELDPR

LATEST TWEETS

@Simon4NDorset Simon has someone rattled your cage old chap? All the best.

@ PORTERFIELDPR

@PORTERFIELDPR

LATEST TWEETS

RT @SuzyWrack: This is great from @Paul_Doyle and @jimpowell2002. Women's World Cup 2019: the complete guide to all the stadiums https://…

@ PORTERFIELDPR

Latest News

IV REAL ESTATE ACQUIRES 50,000 sq ft OFFICE ASSET IN BRISTOL CITY CENTRE

May 24, 2019 - 09:43

IV Real Estate, in partnership with an international fund, has announced plans to comprehensively refurbish and reposition two significant city centre buildings.  The developer and asset manager has [...]

+ Read More

HOTEL CHOCOLAT LATEST SIGNING AT HANNINGTONS ESTATE BRIGHTON

May 23, 2019 - 11:32

Hotel Chocolat is opening a Brighton city centre store at Redevco’s newly redeveloped Hanningtons Estate. The retailer has taken 1,378 sq ft at 19 North Street, next to Oliver Bonas and Watches of S[...]

+ Read More

ARLINGTON CONSOLIDATES OWNERSHIP AT OXFORD BUSINESS PARK

May 14, 2019 - 09:32

Arlington, the leading UK integrated business space and logistics specialist, has consolidated its investment at Oxford Business Park by acquiring four office buildings from Aviva Investors, totalling[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

2nd Floor, 20 Berkeley Square House London W1J 6BD