Investment team ups business

September 2013

GCW’s investment team continues to win a stream of new business.

Following its appointment earlier in the year to dispose of sale and leaseback Co-op supermarkets, it has concluded a number of deals. These include a suburban parade in Bexleyheath at £1.325 million showing a yield of 7.83 per cent and a district shopping centre in Maidenhead at £2.3 million showing a yield of 7.6 per cent. It has also sold an Ask Restaurant in Cranleigh for the Co-op for £745,000 at a yield of 7.36 per cent

In Bolton, the team has sold Corporation Chambers, a secondary parade which is part vacant with some development opportunity. The £875,000 sale on behalf of the Agora Shopping Centre fund to an Isle of Mann based private investor reflects a yield of 14.25 per cent.

GCW has also concluded the purchase of properties let to Homebase and Halfords in Staines for £15.5 million for a private investor.