in Acquisition
Site acquisition and investment consultancy advice to a leading UK developer client.
Detailed Planning Application submitted October 2023 for a PBSA complex of 145 student bedrooms.
Projected Investment value of c. £40 million on development completion in Summer 2026.
in Sale
Sale of 2 ground floor retail investments and 4 residential flats on the upper floors
Retail let to Timpson until 2029 with the flats on annual leases to students at St Andrews’ University.
Sold for Family PropCo clients to a Scottish private investor in September 2023.
Sale price was £2.35 million reflecting a blended initial yield of 5.0% net.
in Sale
Sale of a former Shell branded filling station of 0.33 acres at West Marketgait in Dundee city centre with full planning consent for redevelopment into purpose-built student accommodation comprising 184 studios and ancillary space. Sold for £2.25M in August 2023 to UK PBSA (Marketgait Dundee) Ltd, a consortium of overseas investors led by Maven Capital Partners.
in Sale
On behalf of Millard Estates in October 2019 a sale of 2 adjacent multi let office buildings to a joint venture led by Rennick Property comprising Mactaggart Family Partners, Mactaggart & Mickel and Millard Estates, for £10.174M reflecting £254 per sq ft capital value yielding 4.5% net on combined total annual income of £520,000.
in Acquisition
Modern distribution depot close to Glasgow Airport. 20,000 sq ft let to DHL International UK Ltd until April 2021. Acquired for Cedarwood Asset Management in February 2017 for £1.05 Million.
in Sale
On behalf of US investor Mont Regis the sale of Balmoral Ltd in December 2017 to Rockspring Hanover Unit Trust.
Transaction value £25.75M yielding 5.22% net on total rental income of £1.375M pa.
Balmoral’s sole asset is the Grade A listed 9/10 St Andrew Square Edinburgh of 53,455 sq ft over lower ground, ground and 6 upper floors leased to Sainsbury’s and Regus.
in Sale
Detached office building in Edinburgh's west end, acquired on behalf of Millard Estates in 2007, subsequently refurbished, let to Whitespace and the completed investment sold to The Ecclesiastical Office per KFIM for £5 Million in December 2016.
in Sale
Modern 2 storey office pavilion on the town's leading business park. 12,000 sq ft of open plan offices with 42 car spaces on site of 1.1 acres. Let in its entirety to Visit Scotland until 2020. Acting for private N Irish clients sold to Johnson & Johnson for £1.85 Million in December 2016.
in Acquisition
New build PBSA student accommodation block in city centre location. 240 direct let student bedrooms plus 3 ground floor retail units. Completed in Summer 2016 for start of Academic Year 2016/17. Acting for M&G Real Estate acquired on a full forward funding basis from Harrison Developments for £21.4 Million in September 2016.
in Acquisition
![Alard Portfolio: [break]Cardiff, Middlesbrough & Sunderland[/break]](https://www.smolkastrachan.com/images/mnwallimages/400x300/images/property-images/alard.jpg)
Portfolio of 3 well secured regional office investments let to Tesco Stores and The Secretary of State. Active management stock with leases expiring in 2017 and 2020. Acting for Oval Real Estate acquired for £17.525 Million in February 2016.
in Sale
Established neighbourhood shopping centre in popular suburb. 26,000 sq ft anchored by Tesco Stores Ltd until 2027. Acting for private clients sold to First Property for £4.625 Million in March 2016
in Sale
High Street retail investment let to Poundstretcher & British Heart Foundation until 2018/2024.
Sold in late 2015 on behalf of Buccleuch Property to private investors for a total price of £926,000.
in Acquisition
City centre Class 3/Leisure investment. 16,750 sq ft over ground & first floors. Let to Exeat Leisure until 2028. Acting for the G1 Group purchased for £1.75 Million in June 2015.
in Acquisition
An entire townhouse in the west end of Edinburgh acquired for conversion to high end residential flats acquired on behalf of Sundial Properties for £1.00 Million in November 2014.
in Sale
Newly built town centre convenience food store investment sold on behalf of the developer, Needham Properties, to a private investor for £625,000 in July 2014
in Sale
Modern 2 storey 20,500 sq ft office pavilion on leading regional business park let to Maxxium UK Ltd until 2024. Acting for US clients, sold with the adjacent Bermuda House to Aston Property Ventures for £4.06 Million in May 2014.
in Sale
Modern 2 storey 20,500 sq ft office pavilion on leading regional business park let to HSBC Bank until 2024. Acting for US clients, sold with the adjacent Maxxium House to Aston Property Ventures for £4.06 Million in May 2014.
in Acquisition
Multi let open plan office building of 26,290 sq ft in Stirling town centre. Acquired on behalf of Bellair Scotland Ltd for £2.70 Million in October 2013.
in Sale
City centre open plan office building. Redevelopment opportunity with short term income until 2014. 44,475 sq ft of open plan offices plus 57 car spaces let to Transocean Oilfield Services. Acting for US clients sold to Scottish Widows for £7.5 Million in July 2013
in Sale
Modern “Green” office building. 31,578 sq ft let to The Scottish Ministers until 2022. Acting for US clients sold to the Scottish Government for £4.00 Million in April 2013.
in Sale
Prime city centre Class 3/Leisure investment. Let to J D Wetherspoon for 13 years certain. Acting for Scottish Widows sold to Cordea Savills for £4.00 Million in February 2012.
in Acquisition
Industrial investment comprising 100,000 sq ft casting foundry in Chesterfield let to the UCB Group. Acquired under sale and leaseback on behalf of Millard Estates for £2.25 Million in January 2012.
in Sale
New neighbourhood convenience store in affluent Glasgow suburb. 3,600 sq ft let to Co-operative Food for 15 years certain. Acting for private clients sold for £1.15 Million in January 2012
in Sale
140 acres of development land sold on behalf of The Crown Estate to Stirling Development Agency for £2.15 Million in December 2011.
in Acquisition
Multi let open plan office building of c. 20,000 sq. ft. with car parking acquired on behalf of Millard Estates for £3.65 Million in August 2011.
in Acquisition
Multi let open plan office building of c. 20,000 sq ft with car parking acquired on behalf of Millard Estates for £3.685 Million in October 2010.
in Sale
Modern office/manufacturing HQ complex of 150,000 sq. ft. plus 436 car spaces on site of 17.8 Acres. Acting for US clients, sold with VP to Barony Universal for £2.90 Million in August 2010.
in Sale
2 entire period buildings on George Street with retail and offices above sold on behalf of Millard Estates to Royal London Asset Management for £7.00 Million in April 2010.
in Acquisition
Prime city centre HQ office building. 90,000 sq. ft. of a/c open plan space behind retained facade. Ground floor retail let to Marks & Spencer, Superdrug & Costa. Upper floor offices let to Ignis until December 2022. Acting for M&G Real Estate acquired from Redevco for £29.00 Million in December 2009.
in Sale
![Canyon Portfolio: [break]1 Pacific Quay Glasgow[/break]](https://www.smolkastrachan.com/images/mnwallimages/400x300/images/property-images/pacific-quay.jpg)
Scottish Police Authority HQ sold on behalf of Balmoral Ltd. for £8.05 Million to TBF Thomson Trust in December 2009.
in Sale
![Canyon Portfolio: [break]George Stephenson House, Stockton on Tees[/break]](https://www.smolkastrachan.com/images/mnwallimages/400x300/images/property-images/Canyon_Portfolio_Stockton_George_Stephenson_House_-_August_2010.jpg)
HM Government Office sold on behalf of Balmoral Ltd. with Hamilton House to Hamilton Portfolio for £13.95 Million in December 2009
in Sale
![Canyon Portfolio: [break]Hamilton House Hamilton Business Park[/break]](https://www.smolkastrachan.com/images/mnwallimages/400x300/images/property-images/hamilton-house.jpg)
Multi let office building sold on behalf Balmoral Ltd. with George Stephenson House to Hamilton Portfolio for £13.95 Million in December 2009.
in Acquisition
Prime new generation car dealership. 40,000 sq ft complex with 220 car spaces on a site of 3.0 acres. Sale & leaseback with VW Group UK for 50 years. Acting on behalf of Legal & General acquired for £8.00 Million in November 2009.
in Sale
Prime freehold retail investment comprising an entire building on Princes Street let to Waterstone's and Game. Sold on behalf of The Crown Estate to Legal and General Investment Management for £10.04 Million in May 2009.
in Acquisition
Asset management of Travelodge Hotel and restaurant investment in central Livingston. Acquired on behalf of Millard Estates in 2007 for £4.6 Million.