Europa Capital and Ediston Real Estate have forward sold Plymouth Gateway Retail Park, Plymouth to Royal London Mutual Insurance Society at a price for the completed development of £22.7 million, reflecting a yield of 5.9%.
Ediston and Europa sell Plymouth Gateway to Royal London for £22.7m
Two new lettings at Pallion Retail Park, Sunderland
Ediston Real Estate, acting on behalf of its listed REIT, the Ediston Property Investment Company plc (LSE: EPIC) announces that it has completed two new lettings at Pallion Retail Park, Sunderland, to GO Outdoors Limited and Cancer Research UK. The lettings secure £280,000 of rental income per annum for the Company.
Birmingham, St Philips Points Lease Restructure
Ediston Real Estate, acting on behalf of its listed REIT, the Ediston Property Investment Company plc (LSE: EPIC) announces that it has restructured its lease terms with Weightmans LLP at St Philips Point, Birmingham.
Prime Retail Warehouse Purchased by Ediston and Strathclyde PF Joint Venture
Clydebuilt LP have purchased 2 very prominent retail warehouse units in the destination location of Birkenshaw Trading Estate. The purchase price was £3.235 million / 7.60% NIY. READ MORE >
Ediston Secures full occupation of Pacific House, Glasgow
Ediston Real Estate, on behalf of its Clydebuilt LP (a joint venture vehicle with Strathclyde Pension Fund), has let the final suite of Pacific House to Levy McRae, thus securing a fully let investment less than 6 months after acquisition. Further to this, and acknowledging the importance of this location to their business, Levy McRae have re-geared their existing 6th floor lease to remove the 2021 break option providing for an 8 year term certain. This letting reflects the purchase business plan, creating a fully let investment, and confirming the strengthening Glasgow office market.
Ediston targeting a Q3 start for its Crown Street Retail Park, Glasgow
Ediston has announced that it has achieved detailed planning consent for its Clydebuilt Funds retail warehouse development at Crown Street in Glasgow. The large scale inner city regeneration project, which also include for the development of around 360 homes obtained consent from the City Council in March 2018 for this.