Media and News

The latest news from Sheridan Property Consultants.

Feb 8, 2021

Sheridan Acquire Industrial Investment on behalf of Leftfield Capital

In an off-market transaction, Sheridan Property Consultants have acquired an industrial investment let to DSG Retail for a further 7 years. The opportunity was bought for £2.55 million, which reflects 6.37% NIY and £73 per sq ft capital value.

Jan 28, 2021

January 2021 Newsletter - A Time for Reflection

Cathal Keane, Investment Director The annual January ritual of forming (and more often than not, breaking) New Year resolutions seem more poignant this year, with the backdrop of a once in a generation global pandemic. This traditional time of reflection takes on greater significance as we contend with tightened lockdown measures, new variants, rising case numbers and, unfortunately, more COVID-19 related deaths. While the nation (and world) digs deep to find fortitude in this bleakest of...

Jan 26, 2021

Jenners Department Store to Close (Princes Street, Edinburgh)

It was with some considerable sadness that we heard of the demise of the Jenners department store this week. We have attached photographs from our marketing brochure for the property which we sold on behalf of LNC Property Group for £53m in 2017. We acquired the property from the Douglas Miller family as a sale and leaseback in 2005 for a price of £37.2m before selling after 12 years of ownership following a change in our client’s investment priorities. The 180,000 sqft icon was one of the...

Jan 19, 2021

Jan 19, 2021

Aegon European Headquarters bought for £133.25 million

The European Headquarters of Aegon in Edinburgh, has been purchased at a price of £133,250,000 on behalf of Roebuck and Hyundai Asset Management, which represents 5.01% NIY. The landmark office campus has 264,887 sqft of Grade A high quality office accommodation which includes an extensive array of amenities including a restaurant, gym and football pitch. Aegon are one of the world’s largest providers of life insurance, pensions and asset management including global savings and investments...

Aug 22, 2019

Scottish Gas HQ sold to bank for £27m

The headquarters of Scottish Gas, in Edinburgh, has been sold to the Bank of London and The Middle East (BLME) for around £27 million. The grade-A Office building at Edinburgh’s Waterfront Avenue was sold with the help of private equity specialist Palm Capital to the UK-based Islamic bank. The building sizes at 94,100sq ft and housed the 1,800 people employed by Scottish Gas since 2003. The sale follows an agreement by Palm Capital of a new 16-year long lease with Scottish Gas’s parent...

Nov 27, 2018

£35m Edinburgh student accommodation development

LGIM Real Assets has agreed to forward fund a 359-bed Edinburgh student accommodation development for £35m. The residence, formerly known as Pentland House, was sold by Lincam Pentland, a subsidiary of Scottish house builder S1 Developments, to L&G on behalf of the asset manager’s LPI Income Property Fund.

Sep 24, 2018

New investment in Glasgow's style mile

Zara owner's property investment firm buys a slice of Glasgow's style mile. Pontegadea, which is owned by Spanish billionaire Amanico Ortega, have bought a holding at 79-80 Buchanan Street and 9-17 Exchange Place. Spanish retail billionaire Amancio Ortega's property investment firm Pontegadea has bought a 'style mile' retail and office holding in Glasgow city centre from Lothbury Investment Management in a £31 million deal. The holding at 79-80 Buchanan Street and 9-17 Exchange Place, which...

Jul 19, 2018

Belfast office block bought for £2.4m

A prominent Belfast city centre office building has been purchased by a UK property management company in a £2.4 million deal. M7 Real Estate, the pan-European investor and asset manager, has acquired the seven-storey 20 Adelaide Street, in the firm's first foray into the Northern Ireland market. The 21,021 sq ft property has been acquired from receivers Ernst and Young following a two-stage bidding process. M7 will carry out a full-scale refurbishment of the property, which currently has...

May 16, 2018

Valor Real Estate Partners debuts 2nd AIG-backed industrial fund

Valor Real Estate Partners, which invests in industrial real estate across Europe, rolled out its second fund backed by AIG Global Real Estate, Institutional Real Estate Inc. reported. Including leverage, the Valor Industrial Partners 2 fund will have more than £300 million of purchasing power. Similar to its predecessor, the new fund will target investments and selectively develop logistics and industrial real estate in the U.K. and continental Europe. Valor, through the fund, has bought...