WINTER 2018 • SPOTLIGHT • 35 1 RIVERGATE, TEMPLE QUAY | BRISTOL
Client: Aberdeen Standard Investments Purchaser: West Midlands Pension Fund C/O CBRE Global Investors
The property comprises a 69,754 sq ft HQ office let to Ovo Energy Limited on a new eight year lease, with a rolling break after year 5. Sold for £27,600,000 reflecting a net initial yield of 5.84%.
1 CATHEDRAL SQUARE | BRISTOL
Client: Castleforge Partners Purchaser: BMO F&C REIT
Comprising a new refurbished office totalling 56,059 sq ft and let to the University of Bristol and Dyson Technology Ltd with an average weighted unexpired term of 7.6 years to break and 12.4 years to expiry.
Sold for £33,500,000 reflecting a net initial yield of 4.98%. BRISTOL HOUSE, 40-56 VICTORIA STREET | BRISTOL
Client: Castleforge Partners Purchaser: Local Authority Pension Fund
The property comprises circa 32,500 sq ft and is pre-let to Lyons Davidson Limited on a new 10 year lease. The property is undergoing a full refurbishment and the buyer took a novation of the refurbishment contract.
Sold for £11,800,000 reflecting a net initial yield of 5.15%. WESTERN APPROACH | AVONMOUTH
Client: Arriva Group Limited Purchaser: Trebor Developments LLP
A 15 acre site, purchased for the speculative development of three detached industrial units in a single phase ranging from 34,000 - 134,000 sq ft. Colliers International has been retained as letting agents on the scheme.
UNIT 9-14 BEECHES INDUSTRIAL ESTATE | YATE
Client: DTZ Investment Management Tenant: Bristol Uniforms Ltd
The recently refurbished unit extends to 42,000 sq ft and was let on a 10 year lease with a 7th year break option.
CELTIC HAVEN | TENBYT
A premier cliff top leisure resort within the Pembrokeshire Coast National Park, with 30 letting cottages, bar and restaurant, a Premier Elemis Spa, fitness suite, indoor heated swimming pool, a 9-hole golf course and all-weather tennis courts. Occupying a large site extending to approximately 10.6 hectares (26.2 acres) in total.
Colliers International
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