Nothing underscores capabilities like specific examples of how we've solved problems and delivered value for our clients.
One Angle Square, Manchester
Acting on behalf of The Co-operative Group, a multi-disciplinary team led by the City of London and Manchester Capital Markets team sold the Co-op’s new Headquarters at Noma, called One Angel Square, in Manchester City centre. The new 'award winning' 300,000 sq. ft. global HQ, was successfully sold to a Far Eastern client of fund manager RREEF for a figure of c. £142.3 million. It is one of the most sustainable buildings in Europe with a BREE AM rating of ‘Outstanding’.
One Angel Square forms the first phase of NOMA, which comprises 4,000,000 sq ft (371,600 sq m) of mixed-use accommodation. The deal required a multi-disciplinary team approach to ensure the client received 'best in class' optionality in respect of disposal avenues and this advice came from a combination of corporate finance, landlord & tenant and capital markets.
Paragon, Victoria Street, Bristol
On behalf of Cubex/Palmer, JLL sold the long leasehold interest in the Paragon on Victoria Street, Bristol for £26.6 million reflecting a net initial yield of 6.62% to Invesco. The property 75,000 square feet of office accommodation with 3 retail units on the ground floor. The offices were let to Thring Townsend solicitors, Ernst+Young and Mercers Limited.
Horizon House, Bristol
UK and European Investments have sold the Environment Agency’s regional headquarters to a private investor for £31 million, sub 5.5% net initial yield. The headquarters is one of the most sustainable buildings in the UK and is let to the Environment Agency for a further 19.25 years at £26.34 per sq ft. Horizon House was completed in 2010 and it comprises a Grade A headquarters office building extending to 6,698 m² (72,098 ft²) NIA. It won the BREEAM Award 2010 for the most sustainable office development in the UK and it achieved the highest ever score for the environmental performance of an office building under BREEAM 2006.
3 Furzeground Way, Stockley Park
The property comprised a 2007 refurbished Grade A office building totalling 78,540 sq ft. It was multi-let and provided an average weighted unexpired term of approximately 4.2 years. The property was purchased by LIM from Invista for £21.805 million reflecting a Net Initial Yield of 8.82% and £278 per sq ft capital value. JLL acted on behalf of the purchaser.
JLL advised on the UK’s largest mixed use building, totaling over 640,000 sq ft split between retail, office, restaurant and over 650 car park spaces. The average unexpired term is in excess of 11 years and the tenants include BBC, Harvey Nichols, Emporio Armani and Hugo Boss. National Investment team advised Brockton Capital on the successful acquisition of the asset for £127 million, reflecting a net initial yield of 7%.
Acting on behalf of Relovast, the National Investment team sold the Towers Business Park in Didsbury, south Manchester, for £47 million. The 290,000 sq ft business park was acquired by Moorfield, in a joint venture with Manchester-based investor and developer Property Alliance Group. The price reflected a yield of 8.5%. The Towers consists of nine office buildings within 19 acres of landscaped park land which is home to tenants including British Airways, John Lewis, Vodafone and Cisco Systems.