B&Q Portfolio

Overview

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Sector

Long Income
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Purchase Price

£53.3m
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NIY

6.6%
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Strategy

Segregated Account
These assets are a strong match for our clients’ investment requirements and are an example of their continued confidence in the UK economy. The new 15-year leases to a subsidiary of an investment grade credit will provide sustainable and progressive income returns for our investors. We are actively seeking similar transactions.
Image of Charles Allen
Charles Allen
Head of UK Real Estate

Features

  • Three solus retail warehouse units and associated parking
  • Let to B&Q Plc on new 15-year leases by way of sale-and-leaseback upon completion of the purchase
  • Portfolio totals 306,154 sq ft across 30.3 acres
  • Prime locations adjacent to major arterial routes in the densely populated urban conurbations of Birmingham, Cardiff and Tyne & Wear
  • Strong residual site values for urban logistics

Purchase Rationale

  • Long, progressive income
  • RPI indexed rent reviews
  • Strategic urban locations with strong alternative use values

Location

  • Axletree Way, Park Lane, Wednesbury, WS10 9QY
  • 499 Cowbridge Road, Culverhouse Cross, Cardiff, CF5 5TG
  • Armstrong Industrial Estate, Cragside Road, Washington, Tyne & Wear, NE37 1LH
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All Assets

Image for Asda,<br /> Stockport

Asda,
Stockport

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Image for Aston,<br /> Birmingham

Aston,
Birmingham

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Image for Planetary Road,<br /> Wolverhampton

Planetary Road,
Wolverhampton

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Image for Alicante<br /> PBSA Development

Alicante
PBSA Development

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Image for Southampton<br /> Logistics Development

Southampton
Logistics Development

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Image for Valencia<br /> PBSA Development

Valencia
PBSA Development

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Image for Rectory Farm,<br /> Kings Langley

Rectory Farm,
Kings Langley

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Image for Virginia Water,<br /> Surrey

Virginia Water,
Surrey

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Image for Trade Street Gardens,<br /> Cardiff

Trade Street Gardens,
Cardiff

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Image for Skyline,<br /> Bristol

Skyline,
Bristol

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Image for Watford Works,<br /> North-West London

Watford Works,
North-West London

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Image for RISE,<br /> Hemel Hempstead

RISE,
Hemel Hempstead

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Image for Claverings Industrial Estate,<br /> Edmonton

Claverings Industrial Estate,
Edmonton

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Image for Opus 49<br /> Avonmouth, Bristol

Opus 49
Avonmouth, Bristol

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Image for King Street,<br /> Leeds

King Street,
Leeds

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Image for Halo,<br /> Bristol

Halo,
Bristol

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Image for Aurora, <br />Bristol

Aurora,
Bristol

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Image for Xpanse 120,<br /> West Midlands

Xpanse 120,
West Midlands

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Image for Urban Crawley,<br /> Crawley

Urban Crawley,
Crawley

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Image for Spark,<br /> Bishop’s Stortford

Spark,
Bishop’s Stortford

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Image for Prospero Ansty Park,<br/ > Coventry

Prospero Ansty Park,
Coventry

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Image for Willingdon, <br /> Eastbourne

Willingdon,
Eastbourne

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Image for The Castings,<br /> Manchester

The Castings,
Manchester

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Image for Millwrights Place<br /> &#038; Coopers Court, Bristol

Millwrights Place
& Coopers Court, Bristol

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Image for Maritime Gateway,<br /> Southampton

Maritime Gateway,
Southampton

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Image for Headley Court,<br /> Surrey

Headley Court,
Surrey

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