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Acquisition of Clarendon House, London Road, Kingston, Greater London

The freehold interest Clarendon House, London Road, Kingston, Greater London has been purchased by Altum Capital from Kames Capital for £9.5m reflecting £281 per sq ft.

The property comprises a six story office property totalling 33,847 sq ft and is let for 10 years to Travel republic Ltd. The current passing rent equates to £645,000 per annum.

Nightingale Partners acted for Altum Capital. Savills represented Kames Capital.

For further information contact Rupert Mitchell.

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Disposal of Pennine House, Bradford

On behalf of a private vendor, Nightingale Partners has disposed of the freehold interest in Pennine House, 39-45 Well Street, Bradford comprising 72,696 sq ft of offices with ancillary car park.

The property is well-located immediately opposite the entrance to the Westfield, Broadway Shopping Centre in a strategic town-centre location, equidistant between Bradford Forster Square station and Bradford Interchange station.

An early surrender was taken from the tenant and property subsequently sold as a vacant development opportunity. The property was sold for £2m.

The vendor was represented by Nightingale Partners.

For further information contact Will Collis.

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Disposal of New City House, Preston

On behalf of a private vendor, Nightingale Partners has disposed of the long leasehold interest in New City House, Preston comprising 36,827 sq ft.

The property is let to a subsidiary of JP Morgan; NCO Europe Ltd until September 2023.

The sale price achieved in excess of the quoting figure of £1.5m.

The vendor was represented by Nightingale Partners.

For further information contact Rupert Mitchell.

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Record Capital Value for Prime Office on Grosvenor Street

On behalf of a private overseas vendor, Nightingale Partners has disposed of an impressive family office building in a prime location on Grosvenor Street, Mayfair, W1.

The terms of the deal remain confidential, however, a record capital value per sq ft was achieved on the sale.

The vendor was represented by Nightingale Partners.

For further information contact Will Collis.

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Acquisition of Handforth Dean Retail Park, South Manchester

Aviva Investors has bought the newly constructed Next Home and Garden flagship store in south Manchester for £15.8m.

The acquisition was made on behalf of Essex County Council and reflects a yield of 5%.

The property represents the first phase of the Handforth Dean Shopping Park, which will feature retail units, cafes and restaurants, a gym and an hotel.

Future phases of the Consolidated Property Group (CPG) development will include a restaurant quarter and a fashion park.

Aviva Investors was advised by Nightingale Partners and Curson Sowerby, while CPG was advised by Savills and JLL.

For further information contact James Turner.

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55 Victoria Street wins RIBA London Regional Award 2017

We are delighted to learn that 55 Victoria Street, acquired last year by private clients of Nightingale, has won the RIBA London Regional Award.

Congratulations to Alchemi, Stiff + Trevillion and their teams.

55 Victoria Street is a residential conversion and extension of an office building from the 1980’s. Planning was granted to create 57 apartments, with retail uses at ground floor; a prominent extended twelve-storey component on the North-West corner and the creation of two south facing communal gardens on the ground and eighth floors.

For further information contact Rupert Mitchell.

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Acquisition of 2 Haymarket, Norwich

The freehold interest in 2 Haymarket, Norwich has been acquired by JRRT (Properties) Limited, represented by Nightingale Partners, from clients of HRH Retail.

The property is located in a prime trading location within the heart of the historic city of Norwich. It comprises a shop unit providing a total area of c1,300 sq ft.

The property is let to Accessorize Limited at a current rent of £65,000 per annum.

The purchase price of c. £1,040,000 reflects a net initial yield of approximately 5.90%.

For further information contact Richard Pope.

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