2018 news

Roebuck Asset Management have completed the sale of 141 Wardour Street to Orchard Street Investment Managers. The Property was subject to a wide range of asset management initiatives under Roebuck's stewardship, which added substantial value. The Property was acquired for £30.00m in 2011 and sold for £55.00m in December 2018

Roebuck Asset Management and a consortium of South Korean investors have acquired the Equinox office building in Glasgow, let to Esure for £30.50m, at a yield of just under 6%. This is the fourth acquisition completed by the partnership.

M7 Real Estate has bought, on behalf of M7 Real Estate Investment Partners VI, five adjacent warehouse units let on a long term lease to Eddie Stobart in Workington, Cumbria for £6.295m, representing a net initial yield of 10% and a capital value per sq ft of £13.22. The asset has been acquired from the Stobart Group.

Roebuck Asset Management alongside a consortium of South Korean institutional investors has acquired the freehold in Future House, Staines-Upon-Thames for £33.7m from clients of LaSalle Investment Management. The transaction is the third Roebuck has undertaken with its South Korean partners and was completed in 8 weeks from agreeing heads of terms.

Palmer Capital and SEDCO Capital have bought an Eddie Stobart distribution warehouse on Sherburn Enterprise Park in Selby, Leeds for £31.75m, reflecting a net initial yield of 5%, from NFU.

The sale and leaseback forms part of the on-going Stobart portfolio strategy, managed by Roebuck Asset Management and consists of approximately 40 acres, adjacent to Widnes rail freight terminal and Tesco's refrigerated distribution centre. The Property comprises biomass storage and processing compounds, storage and distribution warehousing and a newly built 20,000 sq ft office headquarters for Stobart Biomass. FSP acted for LXI REIT

South African listed investor, MAS REI, with Roebuck Asset Management have successfully acquired Princes Exchange and New Uberior House (PENUH) from Aerium for £71.00m. PENUH is let to the Bank of Scotland plc providing c. 7.50 years UXT and a number of value add opportunities. The acquisition follows the recent sale by MAS REI of the GPU Forward Funding at New Waverley, to Legal and General. Knight Frank acted for MAS REI/Roebuck and CBRE acted for Aerium

Tritax Big Box Reit plc has agreed a forward funding of 844,000 sq ft Eddie Stobart Logistics Warehouse at Midlands Logistics Park (MLP), Corby for £81.80m. The funding, which is conditional on receiving full planning consent, is pre-let to Eddie Stobart for a term of 20 years

£3.40m disposal of Stobart Biomass storage and processing facility, Rotherham, Yorkshire to LXI REIT Plc