Current Acquisition Requirements UK Q2 2014 - · PDF fileContacts Will Hardyment Nick Howitt...
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In 2013 LaSalle invested approximately £1.5 billion into UK real estate and structured debt assets. LaSalle have active requirements in a range of lot sizes from £10 to £150 million across all commercial and alternative sectors. Current Acquisition Requirements UK Q2 2014 2 London Bridge, SE1 acquired for £33.61m, 51,977 sq ft. The property is multi let with a low average passing rent of £42 psf.
Transcript of Current Acquisition Requirements UK Q2 2014 - · PDF fileContacts Will Hardyment Nick Howitt...
In 2013 LaSalle investedapproximately £1.5 billioninto UK real estate andstructured debt assets.
LaSalle have activerequirements in a range of lot sizes from £10 to £150 millionacross all commercialand alternative sectors.
CurrentAcquisitionRequirementsUK Q2 2014
2 London Bridge, SE1acquired for £33.61m,51,977 sq ft. Theproperty is multi letwith a low averagepassing rent of £42 psf.
Index-Linked –Mitchells & Butlers HQ, BirminghamAcquired for £51 million, 95,210 sq ft office let for a further 30 yearswith RPI linked rent reviews.
Requirements:LaSalle continues toinvest in index-linkedproperties, CPI andRPI based, with apreferred minimumterm of 20 years, lotsize £5 to £40 million.
London/M25 – Future House, StainesAcquired for £23.55 million, a landmark 68,239 sq ft headquartersoffice building with exceptional prominence to the M25. The propertyis let in its entirety to Future Electronics Ltd, currently the fourthlargest electronics distributor in the world, until December 2017.
Core Plus – New Bond Street Centre, WeymouthAcquired for £30.10 million, the centre provides the town’s primeretail location. Tenants include Debenhams, Cineworld and TK Maxx.
Requirements: We have requirements for London and South Eastoffice, industrial and mixed use properties, including developmentopportunities. Lot sizes of £5 to £100 million.
Requirements: We are seeking further core plus assets, £10 to £30 million and £50 to £150 million
Requirements:LaSalle have anumber of activeshopping centrerequirements. Lotsizes from £20 to£150m, in particularlarge dominantcentres and highyielding schemes.
Requirements:LaSalle has furtherrequirements forstudent housing,along with otheralternative sectorsincluding hotels,healthcare andresidential.
Requirements:Whole loan finance0-80% loan to value, mezzaninefinance, 60-80% loan to value, anddevelopment finance0-75% loan to value(student housing andLondon residential),investment range£10 to £200 million.
Shopping Centres – Exchange Centre, RochdaleAcquired for £19 million, the 270,000 sq ft centre comprises 39 groundfloor retail trading units and three storeys of offices above. The centre iscurrently 90% let, tenants include Boots, Iceland and B&M Bargains.
Alternative Sectors – Victoria Hall, WembleyA 20 storey purpose built student housing development completedin 2012 was acquired for £41.45 million, a yield of 6.57%. The 435bed property, a mix of studio and cluster rooms, is directly let tostudents on Assured Shorthold Tenancies.
Debt Finance – Shopping Centre Mezzanine LoanLaSalle Real Estate Debt Strategies II (LREDS II) provided a mezzanineloan to finance the acquisition of The Bon Accord & St Nicholas CentreAberdeen. The scheme comprises 492,300 sq ft with a WAULT of 6.7years with retailers including Next, Topshop and River Island.
Contacts
UK Managing DirectorAlan Tripp [email protected]+44 (0) 20 7852 4053
International AccountsGary Moore [email protected]+44 (0) 20 7852 4391
Direct InvestmentsJulian Agnew [email protected]+44 (0) 20 7852 4384Andrew Bull [email protected]+44 (0) 20 7852 4514Richard Debney [email protected]+44 (0) 20 7852 4181Tim Frost [email protected]+44 (0) 20 7852 4317Chris Fry [email protected]+44 (0) 20 7852 4509Will Hardyment [email protected]+44 (0) 20 7852 4556Tom Hill [email protected]+44 (0) 20 7852 4258Nick Howitt [email protected]+44 (0) 20 7852 4512Paul Jaffe [email protected]+44 (0) 20 7852 4182Eleanor Lindsay [email protected]+44 (0) 20 7852 4561Lucinda Liss [email protected]+44 (0) 20 7852 4522Stuart Richmond-Watson [email protected]+44 (0) 20 7852 4576Tom Rose [email protected]+44 (0) 20 7852 4458Sophie Simmonds [email protected]+44 (0) 20 7399 5153Steve Spray [email protected]+44 (0) 20 7852 4471John Yeend [email protected]+44 (0) 20 7852 4517
Debt and Structured InvestmentsAmy Aznar [email protected]+44 (0) 20 7852 4550Michael Zerda [email protected]+44 (0) 20 7852 4322Axel Brinkmann [email protected]+44 (0) 20 7852 4226Jean Baptiste Meyer [email protected]+44 (0) 20 7852 4628
Postal addressOne Curzon Street, London, W1J 5HD Fax +44 (0) 20 7852 4404Introductions are required to be on Propex.
