We have recently completed the investment sale of a retail unit on Portwood Court in Stockport to a private investor in a deal worth £890,000.
Situated adjacent to The Peel Centre and the Portwood Roundabout, the 3,189 sq ft building is leased by Pizza Hut on a 10-year lease. The deal achieved a Net Initial Yield of 8.95%.
Portwood Court comprises a total of 18,528 sq ft of retail accommodation across three units and is also home to Connection Flooring and The Carphone Warehouse.
Chris Lloyd, investment director at Glenbrook, commented: “We are pleased to have completed on this sale, especially given the current climate. The asset is robust in terms of both the covenant and its location but we took the decision to exit and reinvest our capital in new opportunities.”
Both sides were unrepresented.
Our game-changer for the Stockport office market is really coming together. Hello STOK!
🚧 Here’s a sneak peek at progress so far…
🔗 http://stok.uk.com
Glenbrook Investments has bought Newport Retail Park
for £6.6m from Regional REIT.
Justin Millett at @JLL, which advised Glenbrook: "There is a significant opportunity to add value to the asset through repositioning and proactive asset management."
Glenbrook buys £6.6m Newport Retail Park - Glenbrook Property
www.glenbrookproperty.co.uk
🗞️ We've submitted a detailed planning application to @leedscc_news as part of a joint venture with @tcs_plc for the £280m full masterplan for the development of Whitehall Riverside in Leeds City Centre.
🔗 Read more about the proposals: https://bit.ly/3yfFlQ9
🗞️ An exciting day as we submitted a new detailed planning application to Leeds City Council for a 618 apartment build to rent scheme on the banks of the River Aire.
🔗 Read more here: https://bit.ly/3xjwyMO
We are continuing to support grassroots motorsport in 2022 with the sponsorship of the Mini Cooper Rally Championship.
#glenbrook #minirallychallenge2022
“This new, modern and open-plan workspace will support the collaborative way in which we work as a team and with our extended partners.” Ian Sherry, director of Glenbrook.
Read more about our office move, here: @PlaceNorthWest @BruntwoodWorks
Place North West | Glenbrook swaps Clarence House for Union Manchester base
The developer has taken up residence at new headquarters on Albert Square in the city centre.
www.placenorthwest.co.uk
We’re pleased to see the sale of DUET at @MediaCityUK from @MoorfieldGroup to Mayfair / Swiss Life successfully concluded.
It’s a first-class scheme that we are particularly proud to have delivered with our friends at Moorfield.
#BTR #SalfordQuays #DUET
Place North West | Salford Quays BtR scheme changes hands in £74m deal
Swiss Life Asset Managers has entered the UK residential market, acquiring the 270-apartment Duet from Moorfield Group.
bit.ly
Interesting discussions @PlaceNorthWest net zero conference @sim_manchester with @changingstreams it’s not all about carbon. how are you reducing your plastic use? #netzero
Working with @castlefieldgall we commissioned artist @tasha_whittle to reinvigorate an underpass, on Cornbrook Road, near our @voxmcr development.
Photos: @joeolismith & @jodyhartley #manchester #mural #artwork #artist #mcrstreetart #development #collaboration
Located in the heart of Media City, Duet offers stunning waterside views and is consistently ranked amongst the Top 3 BTR developments to occupy in Manchester. The 270 apartments come with a design-led residents’ lounge, events space, private garden, and gym.
Did you know you can also follow us on Instagram & Linkedin? #glenbrook
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