London,
15
April
2016
|
11:08
Europe/London
CBRE INSTRUCTED BY TOPLAND GROUP ON SALE OF M&S PORTFOLIO
CBRE, the world’s leading global real estate advisor, has been instructed by privately-owned property company, Topland Group on the sale of the remaining high street assets originally acquired in the M&S sale-and-leaseback deal.
The portfolio contains 13 prime London assets including M&S stores in Camden, Chiswick, Clapham and Putney.
The Portfolio has a combined annual rental of £31,355,248 and totals 3,452,775 sq ft. It is estimated to be worth in the region of £500m, with a net initial yield of 5.87% rising to an attractive 6.92% through annual escalations.
“
This is a fantastic portfolio, which will offer investors the rare opportunity to acquire a perfect mix of prime high street units, 95% of which are let to one of the UK’s leading retailers.
The portfolio will provide a stable income on fixed uplifts and valuable asset management opportunities. There is no doubt it will attract significant interest from the current UK and global market, which is currently lacking a supply of interesting stock.
Peter Arduino, Capital Markets Executive Director, CBRE
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