Wickes Portfolio

Wickes Portfolio
8 Wickes Units

Cyril Leonard advised Investra Capital on a sale and leaseback with Travis Perkins the owners of Wickes. The portfolio comprised 8 Wickes units in Bridgewater, Burgess Hill, Christchurch, Corby, Halifax, Midsomer Norton, Norwich and Stowmarket. The properties were all leaseback to Wickes Plc., for a term of 15 years subject to 5 yearly upward only rent reviews.

The purchase price was circa £37.8m to show a net initial yield of 5.7% increasing to 7%. Cyril Leonard then advised on the subsequent sale of the Burgess Hill unit at a price reflecting a net initial yield of 4.75% and profit on cost of 20%.

Location: Various
Type:
Industrial/Logistics
Value: £37.8m
Service(s):
Acquisition & Disposal

Similar Case Studies

Golden Square 36 - North Side (2)

M&C Saatchi Plc, London

W1F 9EE

Size:
Value:
The Cowcross Estate

The Cowcross Estate, London

Size: 35,000 sq ft
Value: £43.75m
The Shepherds Building

Shepherds Building, Charecroft Way

W14 0EE

Size: 145,000 sq ft
Value: £125.3m

Our News

View all
Claygate

Claygate Distribution Centre, Marden

Claygate Distribution has completed a sale and leaseback of its distribution centre in Marden in...

ABTA, Newman Street – Sale

Cyril Leonard was pleased to advise ABTA, the association of travel agents and tour operators,...