Portfolio

B&Q Portfolio

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.
Charles Allen, Head of Transactions
Purchase Price
£53.3m
NIY
6.6%
Fund
Segregated Account
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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