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Glenbrook buys £6.6m Newport Retail Park

May 12 2022 | Company News

Glenbrook Investments has completed the £6.6million acquisition at Newport Retail Park in Gwent from Regional REIT, achieving a Net Initial Yield of 7.5%.

Located on The Avenue, the 7.5-acre site comprises a 40,998 sq ft Matalan store, a 14.772 sq ft Peugeot car showroom and a remaining 2.47-acre development plot.

Over the last 12 months alone, Glenbrook has completed £74million worth of investment transactions including the £4.625million disposal of Eastgate Retail Park in Lancashire to Threadneedle and the £11.4million Valley Road Industrial Estate in Merseyside to Schroders.

Speaking about the purchase, Chris Lloyd, investment director at Glenbrook commented: “This is an exciting opportunity to expand the Peugeot car showroom and speculatively develop a trade counter or last mile logistics scheme.

“Newport has really benefitted from some fantastic infrastructure investment that will support both residential and commercial development over the next five years.”

Justin Millett, lead director at JLL Cardiff, which advised Glenbrook, continued: “The property is strategically located adjacent to a regionally dominant shopping park and the major Glan Llyn mixed use regeneration scheme and there is a significant opportunity to add value to the asset through repositioning and proactive asset management. JLL already has an existing relationship with Glenbrook in the North West and we are pleased to have helped them to grow their footprint into South Wales.”

Gerald Eve advised Regional REIT.

Glenbrookprop avatar; Glenbrook @Glenbrookprop ·
18 May 1526956404795486209

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

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Glenbrookprop avatar; Glenbrook @Glenbrookprop ·
13 May 1525120263259553792

Exciting times for Stockport…

Exciting times for Stockport…
hellostok @hellostok

Our game-changer for the Stockport office market is really coming together. Hello STOK!

🚧 Here’s a sneak peek at progress so far…

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Glenbrookprop avatar; Glenbrook @Glenbrookprop ·
12 May 1524676936651395072

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."

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Glenbrook buys £6.6m Newport Retail Park - Glenbrook Property

www.glenbrookproperty.co.uk

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Glenbrookprop avatar; Glenbrook @Glenbrookprop ·
5 May 1522149281997762561

🗞️ 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

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Glenbrookprop avatar; Glenbrook @Glenbrookprop ·
13 Apr 1514190569198731266

🗞️ 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

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Glenbrookprop avatar; Glenbrook @Glenbrookprop ·
8 Apr 1512309454850727939

We are continuing to support grassroots motorsport in 2022 with the sponsorship of the Mini Cooper Rally Championship.
#glenbrook #minirallychallenge2022

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Glenbrookprop avatar; Glenbrook @Glenbrookprop ·
5 Apr 1511383234059268098

“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

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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

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Glenbrookprop avatar; Glenbrook @Glenbrookprop ·
1 Apr 1509832742804115463

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

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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

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Glenbrookprop avatar; Glenbrook @Glenbrookprop ·
31 Mar 1509474954584240131

Interesting discussions @PlaceNorthWest net zero conference @sim_manchester with @changingstreams it’s not all about carbon. how are you reducing your plastic use? #netzero

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Glenbrookprop avatar; Glenbrook @Glenbrookprop ·
31 Mar 1509421638042988546

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

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Glenbrookprop avatar; Glenbrook @Glenbrookprop ·
28 Mar 1508353443919978498

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.

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Glenbrookprop avatar; Glenbrook @Glenbrookprop ·
25 Mar 1507252094989914119

Did you know you can also follow us on Instagram & Linkedin? #glenbrook

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    2-10 Albert Square
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    M2 6LW

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