CLOCK TOWERS RE-BRANDS AS RUGBY CENTRAL

November 09, 2017
Following completion of multi million pound refurbishment works, the former Clock Towers Shopping Centre has been rebranded as Rugby Central.

England Rugby Internationals, Jason Leonard and Will Greenwood were on hand to re-launch the centre on the 28th October.

Robin Swift, Centre Manager, said: “The refurbishment of Clock Towers has been a massive project but one which I’ve enjoyed watching develop. It was exciting to see the new entrances and signage unfold and the centre transform into Rugby Central.”

Recent lettings include CeX, Grape Tree, Sue Sew and The Works. Please contact Jackson Criss to discuss new leasing opportunities.
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PRIME REBASED RETAIL INVESTMENT FOR SALE IN PORTSMOUTH

November 03, 2017
The property occupies a 100% prime retail investment located in a corner location on the pedestrianised Commercial Road, diagonally opposite the main entrance to the Cascade Shopping Centre.

The property is let to Boots on a 10 year FRI lease from May 2017, without break at a rebased rent of £187,500 per annum exclusive.

We are instructed to seek offers in excessive of £2,700,000 (Two Million Seven Hundred Thousand Pounds), subject to contract and exclusive of VAT, which reflects a net initial yield of 6.52% after allowing for purchaser’s costs.
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62/68 CROSS STREET, MANCHESTER

November 03, 2017
Jackson Criss, on behalf of Mansford LLP, have disposed of the mixed retail / office building in Manchester.

The property was let to 5 tenants, producing a current gross rent of £282,404. The property was successfully sold to a foreign purchaser for £4.8m, which reflected a net initial yield of 5.48%. Jackson Criss represented the vendor throughout the transaction.
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Prime freehold flagship retail store & restaurant for sale in Exeter

October 26, 2017
Large retail unit over 4 floors fronting High Street let to Urban Outfitters and a prominent restaurant over ground and first floor to the rear, fronting Gandy Street and let to Bills.

Average weighted unexpired lease term of 10.13 years to expiry.

Offers in excess of £5,970,000, subject to contract and exclusive of VAT.
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LANE 7 BOWL INTO DURHAM

October 26, 2017
Jackson Criss – retained by Lane 7 - have acquired a c. 5,500 sq ft unit on Riverwalk.

The upmarket bowling and drinks venue will be a great addition to the Riverwalk development.

Will Biggart, says “Lane 7 are an exciting brand and the premiere boutique bowling experience, with an established presence in Newcastle. We are under offer on a number of other sites across the UK.”
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Heaven Scent in Hull

October 18, 2017
Acting on behalf of NewRiver Reit (UK) Limited, Jackson Criss have let 41 King Edward Street to Lush on a new 10 year lease at a rent of £60,000 per annum exclusive. />
The unit is in a block of prime high street retail with upper parts on the corner of King Edward Street & Jameson Street & a large part of the ground floor had been void long term.

Additional deals on the remainder of the ground floor space are in legals & we hope to announce details of these shortly. [ read more]
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JACKSON CRISS AT COMPLETELY RETAIL

September 22, 2017
Jackson Criss are attending CR Marketplace on Tuesday 26th September. Please get in touch to arrange meetings or to discuss our shopping centre and high street availability. [ read more]
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Successful sale of restaurant investment in Watford

September 12, 2017
Jackson Criss have successfully completed the sale of a restaurant investment in Watford on behalf of an institutional client for £4.225m which reflected a NIY of 4.38%.

The property is let to McDonalds and is situated directly opposite the entrance to the JLP anchored INTU Watford Shopping centre. INTU’s retail and leisure extension will be anchored by Debenhams and IMAX Cineworld and will make Watford a top
20 retail and leisure destination.
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1- 21 THE MARTLETS CRAWLEY - PRIME UNBROKEN RETAIL PARADE FOR SALE-SUBJECT TO CONTRACT

September 06, 2017
The block is located in the affluent town of Crawley, located in the south east of England, 31 miles south of Central London and in close proximity to Gatwick Airport. r />
The property comprises a freehold modern, unbroken parade of 10 well-configured retail units, providing a total area of approximately 59,600 sq ft, served by a 60 space surface NCP car park to the rear. Tenants in the block include H&M, Topshop, Sports Direct, NCP,HMV and EE.

The WAULT to expiry is 5.93 years and 4.98 years if the car park income is excluded.

The block offers immediate asset management initiatives to increase the rental tone and medium term development potential given the scale of the ownership.

Our clients are seeking offers in excess of £18,000,000 (Eighteen Million Pounds), subject to contract and exclusive of VAT, which reflects a net initial yield of 7.53% after allowing for normal purchaser’s costs. The lease renewal at Unit B, 7 The Martlets is outstanding and no notices have been served by either party.

I trust that this proposition will prove to be of interest to your clients but should you require any further information, then please do not hesitate to contact me or my colleague, Brook Wannop.
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Prime retail block sold in Kingston

August 14, 2017
Jackson Criss - acting for Aberdeen Asset Management - have sold the freehold interest in 55/57B Clarence Street & 4 Fife Road, Kingston-upon-Thames to DTZ Investors, for £18.1m reflecting an initial yield of 4.4%.

This retail investment comprises a block of four retail units, offering modern, well configured retail and ancillary accommodation, principally arranged over ground and two upper floors. The asset is prominently situated at the pedestrianised junction of Clarence Street and Fife Road and benefits from wide frontages to Clarence Street and good ‘eye-line’ visibility from the main entrance to the Bentall Centre.

The acquisition presents the Fund with an opportunity to gain exposure to an affluent Greater London market that is forecast to benefit from population growth of approximately 16% for the period to 2024.
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Better late than never …… Costa opens in Garforth, Leeds

August 11, 2017
Acting on behalf of J&S Venture Limited, an approved Costa franchisee, Jackson Criss have negotiated terms for a new 10 year lease on 32 Main Street in Garforth, Leeds. <br />
The property is in a prime pitch with neighbouring occupiers including Sainsburys, Lloyds Pharmacy, Original factory Shop, Co-op, Cooplands & Card Factory.
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Jackson Criss sell 2 prime shop units on Northumberland Street, Newcastle

August 09, 2017
Acting on behalf of NewRiver, Jackson Criss have sold the Long Leasehold interest in 49-51 & 53 Northumberland Street, Newcastle. The property comprises two prime shop units let to Barclays and H Samuel to Hunter REIM for a total consideration of £6.9M reflecting an NIY of 5.26%. [ read more]
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Jackson Criss close £120m deal for NewRiver REIT

July 19, 2017
Jackson Criss recently provided advise to NewRiver resulting in their purchase of the remaining 50% of the units in the Bravo Joint Venture from PIMCO, to gain 100% ownership of the corporate entity that owns the 4 shopping centres detailed below, for a total consideration of £120M reflecting an NIY of 7.3% based upon reduced corporate costs

The Avenue, Newton Mearns
The Abbey Centre, Newtonabbey
Hill Street Centre, Middlesbrough
Priory Meadow, Hastings
[ read more]
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Primark buys in Warrington

July 11, 2017
Jackson Criss provided advice to NewRiver upon the recent sale of their long leasehold interest in the above premises let in its entirety to Primark for a total consideration of £8M [ read more]
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PRIME LONG LET LONDON RETAIL INVESTMENT OPPORTUNITY IN WATFORD

July 10, 2017
Watford is a dominant regional retail Centre, situated 19 miles north west of central London, within the M25,which has a significant over representation of AB and C1 social groupings.

The subject property, 126/130 High Street, sits directly opposite the entrance to the John Lewis anchored Intu Waford Shopping Centre, soon to be boosted by its retail and leisure extension, which will be anchored by Debenhams and a IMAX Cineworld and will project Watford to a top 20 retail and leisure destination.

Surrounding retailers include Primark, Gap, Waterstones and Tesco, with restaurant operators including Bills, Zizzi, Wagamama,Nandos and Chimichanga all nearby.

The property is let to McDonald’s with just under 9 years remaining on the lease. The rent passing reflects a conservative ZA rate of c £105 per sqft, agreed at the June 2016 rent review and provides realistic prospects for rental growth moving forward.

Our client is seeking offers in excess of £3,100,000 (three million one hundred thousand pounds), subject to contract and exclusive of Vat, which reflects a net initial yield of 5.96% after allowing for normal purchasers costs.
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UNBROKEN RETAIL PARADE INVESTMENT OPPORTUNITY

July 03, 2017
Hounslow’s catchment population is circa 2,361,000, ranking in the top decile of comparison goods trading locations.

The block is located on the prime pedestrianised High Street in Hounslow, located in the London Borough of Hounslow, which is one of the Capital’s largest Boroughs, covering approximately 22 miles.

Hounslow is a thriving economic hub, with employment levels above the national average (PMA).

The block is let to 3 multiple tenants at a current passing rent of £205,500 pa, with a Wault to expiry of 4.47 years.

The block offers excellent rental growth prospects and the potential to look at residential development on the upper floors, subject to planning.

We are instructed to seek offers in excess of £3,000,000 (Three Million Pounds), subject to contract and exclusive of VAT, which reflects a net initial yield of 6.32% after allowing for normal purchaser’s costs.
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Reading welcomes 2 new restaurant brands

June 30, 2017
Acting for Sunnyday Capital, Jackson Criss have completed 2 lettings of the former Barclays Bank on King Street, Reading let to The Botanist (open and trading) and Honest Burger (opening soon).

"The Botanist - an idea to create a secret garden of food and drink … with live music every night, alongside the finest local gins, world famous beers & ales, including a home-brewed speciality and an extensive range of botanical-infused cocktails, diners can enjoy food inspired by the deli, rotisserie and BBQ, with daily specials; all intriguingly presented in a horticultural fashion".

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Jackson Criss retained by Jones Bootmaker

June 26, 2017
Jackson Criss have been appointed by Endless, to be sole advisors for the property estate of Jones Bootmaker.

New owners Endless, who have invested £20m to properly capitalise the new business, have a tremendous trading history in turning around business in the retail space - Bathstore, The Works, West Cornwall Pasty Co and Peter Blacks for example. They intend to do the same with Jones, returning the business to its core values, ie selling quality products at competitive prices.

Full property requirements are to be realised in due course.
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103/105 High Street, Bromley

June 14, 2017
Acting on behalf of Aberdeen Asset Management Plc, Jackson Criss have sold a prime freehold retail investment in June 2017 for £2,775,000, which reflected a net initial yield of 5.76%.

Jackson Criss acted on behalf of HBOS UK Property Fund C/o Aberdeen Asset Management Plc.
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Jackson Criss retained by Lane7

June 08, 2017
Jackson Criss are solely retained by Lane7 on acquisitions going forward, with 2 deals now under offer.

Lane7 are looking at quirky space opportunities within major cities - 6,000 - 25,000 sq ft - to offer boutique bowling, ping pong, mini golf, karaoke and pool.

Please contact Will Biggart with any suitable properties.
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Costa acquiring stores in north west and north east England

June 07, 2017
Following recent acquisitions in Leeds Bingley, Birkdale, Carlisle, Hessle, Newcastle-upon-Tyne, Salford and Whitchurch we’re still searching for new high street and shopping centre stores for Costa.

Please send details of all opportunities in NW and NE England to Simon Carr.
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A new A3 / leisure hub is coming to Kingston

June 01, 2017
Jackson Criss have been appointed by Aviva/Gingko Tree to create an A3/leisure hub at The Bentall Centre, Kingston.
For further information, please contact

Jackson Criss sets the tone on Bernard Street

June 01, 2017
Acting on behalf of 2 private landlords, Jackson Criss have secured lettings to Franco Manca, Tortilla and Detox Kitchen in Bernard Street, Bloomsbury on long term leases.

The 3 units are open and trading above expectations and looking good.
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British Land's £49m expansion in Ealing

May 18, 2017
Jackson Criss introduced the availability of this 1.4 acre mixed use site at 10-40 The Broadway in Ealing town centre and negotiated the acquisition on behalf of British Land from Benson Elliot for £49 million.

Going forward Jackson Criss are retained on all A3/leisure lettings, asset management and future development at Ealing Broadway.

The freehold multi-let site comprises 21 high street retailers and covers 70,000 sq ft and is adjacent to British Land’s Ealing Broadway W5 Local retail centre.
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PGIM buys Marstons income

May 11, 2017
PGIM Real Estate on behalf of PACE Trustees recently acquired a brand new income strip portfolio comprising of 9 Freehold public houses and 4 inns for a consideration of circa £45M. The income was secured for 40 years with annual 1-4% RPI indexation against the covenant of Marston’s Estates Ltd with the PLC as surety.

Jackson Criss represented PGIM upon the transaction.
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Wolf On The Prowl in Nottingham

March 07, 2017
Acting on behalf of Mountain Paw-Print Limited, the only UK Jack Wolfskin store partner, Jackson Criss have negotiated terms for an assignment of the lease on 5-7 Exchange Arcade in Nottingham. The Exchange has been at the heart of retailing in Nottingham for over 85 years with a range of stores offering designer fashion labels, jewellery & home interiors including the likes of Karen Millen, Radley, Dr Martens & Patisserie Valerie. This is Mountain Paw-Print’s third store with existing units already trading successfully in York & Leeds. [ read more]
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Jackson Criss sell The Buttermarket Centre, Ipswich

March 07, 2017
Jackson Criss, acting on behalf of Capital & Regional Plc and Drum Property Group, having acquired the Buttermarket Shopping Centre in 2015 for £9.6m have subsequently sold the creative leisure/retail investment to DTZIM, for National Grid Pension Fund in the sum of £54.7m by way of a corporate structure, which reflects an equivalent yield of 5.9%.

Following the substantial refurbishment and major extension, the scheme is now anchored by TK Maxx, New Look, Boots, Empire Cinema and new restaurants to the town including Byron Burger, Wagamama, Prezzo, Cosy Club, Coast To Coast, now sitting alongside existing A3 tenants including Revolution Bar. In addition, the leisure offer is further complimented by Pure Gym, occupying some 18,000 sq ft. The scheme has undergone a £25m investment and has created the premier leisure offer within the town.

The Empire cinema will trade 12 screens and will be further complimented by a family entertainment centre, which includes a bowl and family entertainment.

Jackson Criss acted as sole agents on the acquisition, all lettings and Investment sale.
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M&G Acquires Marston's Income

March 01, 2017
M&G Secured Lease Income Fund (M&G) has completed the purchase of a two tranche income strip portfolio in excess of £55 million from brewing giant, Marston’s. The income strip portfolio was secured against a 40 year effectively full repairing and insuring leases with annual indexation provisions linked to RPI with collar and cap of 1% and 4%, respectively.

The portfolio comprised properties throughout the UK with 14 new build family pubs and 3 stand-alone lodges.

Jackson Criss advised M&G upon the purchase.
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Guildhall Shopping Centre wins Revo Gold Award

December 15, 2016
Jackson Criss on behalf of Aviva Investors have been involved in the repositioning of the Guildhall Shopping Centre (a £17 million redevelopment) to include refurbishment and reconfiguration of the historic shopping centre, the Ambulatory and Grade II listed Upper Market, together with full redesign of its public realm.

The new Exeter dining destination was named Catering and Leisure Destination of the Year at the Revo Gold Awards. The line-up of restaurants includes: The Stable, Turtle Bay, Gourmet Burger Kitchen (GBK) Absurd Bird, KuPP, Comptoir Libanais, The Terrace and POLPO.

Two further kiosks are available to let – for further information, please contact Simon Carr on 020 7637 7100 - scarr@jacksoncriss.co.uk
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Deutsche AM buys Enfield mall for £70m

November 24, 2016
Deutsche Asset Management (Deutsche AM) has bought Palace Exchange Shopping Centre in Enfield from Standard Life Investments. The company, which was acting on behalf of its German fund, grundbesitz europa, did not disclose the price but the deal is thought to be in the region of £70m, reflecting a yield of around 5.4%.

Jackson Criss acted on behalf of Deutsche AM and Montagu Evans advised the seller.

Built in 2006, Palace Exchange is a modern, pedestrianised retail mall, comprising three distinct blocks of retail units with large multi storey car park, providing over 160,000 square feet of retail trading space.

The scheme is fully occupied and counts Next and TK Maxx as anchor tenants. It is also home to fashion retailers River Island, H&M, New Look, Top Shop, Superdrug, Caffe Nero, Lidl and Argos.

It is located close to Enfield Town Station approximately 30 minutes north of Central London.

“We are pleased to have secured a strong Greater London shopping centre. The investment has good property fundamentals and a ‎high quality tenant mix,” said James Petit, Head of Real Estate, UK and Ireland for Deutsche Asset Management.

He added; “We expect it to impact favorably on the Fund providing a well secured income stream as we increase UK exposure in line with strategy.”

As of October 31, 2016 the real estate portfolio of grundbesitz europa consists of 57 assets with an aggregated market value of €5.3bn.

Deutsche AM’s UK real estate business currently holds €5bn in assets under management as of 30 June.
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60/62 Northumberland Street, Newcastle

November 20, 2016
Sale of prime freehold retail investment in November 2016 - Jackson Criss acted on behalf of Hermes.
For further information, please contact

Orchards Shopping Centre, Haywards Heath

November 15, 2016
Geared leasehold shopping centre investment sold for £23,200,000, which reflected a net initial yield of 7%. Jackson Criss acted on behalf of Friends Life.
For further information, please contact

Waterstones 127/128 Princes Street Edinburgh

October 27, 2016
Waterstones the last remaining chain of specialist bookshops on the high street, has agreed to a ten year lease extension at a rental of £550,000 per annum from June 2017.

The property, which is over five floors, occupies a prime position on Princes Street, Edinburgh’s main retail thoroughfare.

Waterstones were represented by Jackson Criss and CBRE represented the landlord L&G.
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133/135 High Street, Guildford

June 25, 2016
Prime High Street retail investment sold freehold for £9,300,000, which reflected a net initial yield of 3.95%. The property had been let on a new 10 year lease at a rent of £392,000 pax, reflecting a record ZA of £320.50 per sq ft. Jackson Criss acted on behalf of CBREI. [ read more]
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Bridestone Shopping Centre, Congleton

June 21, 2016
Jackson Criss have sold the Bridestone Shopping Centre, Congelton, on behalf of CD Developments of Elland, Leeds, to First Property Asset Management’s private clients for £9,900,000, equating to a net initial yield of 7%.

The Shopping Centre is freehold and anchored by Morrisons Supermarket, circa 37,000 sq ft and accessed via a 270 multi-storey car park to the rear. Other occupiers were Mackay Stores Limited, Burtons/Dorothy Perkins Property Limited, Argos Limited and Congelton Borough Council.

The Shopping Centre is freehold and had a gross income of £715,550 and a WAULT of 7.92 years to expiry.
[ read more]
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Islington – 31/37 High Street

June 01, 2016
A freehold London reversionary retail/office investment purchased on behalf of Aberdeen, let to Boots UK Limited on a 15 year FRI lease from 4th August 2015 at a rental of £950,000 pax. Purchase price was £21.95m showing a yield of 4.15%. [ read more]
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CBREGI sell at 3.91% in Kingston

May 26, 2016
Kingston Upon Thames, London, May 2016 - CBRE Global Investors has completed its sale of two prime retail units in one of the South East’s best retailing locations. The freehold block is let to VF Northern Europe Services Limited, trading as The North Face and EE Limited, trading as EE, with a weighted average unexpired lease term of 5.93 years. The current rent passing was £440,000 per annum exclusive.

The property was sold to a private investor at a price of £10,530,000, which reflected a net initial yield of 3.91%. Jackson Criss advised the vendor throughout the transaction, whilst the purchaser was represented by JLL.

Sam Winstone, Senior Associate at CBRE Global Investors, commented, “We are very pleased with the sale of this prime high street investment which confirms there is continued strong investor demand for Greater London retail.”

Philip Hay of Jackson Criss commented, “This transaction shows that there is still a healthy demand from institutional and private investors for prime retail investments in core locations.”
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The Bentley Portfolio

April 27, 2016
Jackson Criss advised Benson Elliot upon the Shopping Centre purchase in the £132m acquisition of the Bentley Portfolio from L&G, comprising Guildford Business Park and The Meadows Shopping Centre in Chelmsford. The portfolio purchase price reflected a 7.1% net initial yield, based on an annual income of £9.7m across the two assets, which span circa 450,000 sq ft.

The Meadows Shopping Centre, which contains 39 retail units over 200,000 sq ft and is anchored by Wilko and BHS with a 485 space multi storey car park let to Q Park and in total provides annual rental income of around £3.6m, with significant asset management angles to improve the income stream.

Situated over eight acres with significant waterside frontage, the scheme will benefit from proximity to the 300,000 sq ft mixed use Bond Street development anchored by John Lewis and Cineworld.
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Wolverhampton - Marstons House

April 26, 2016
Legal & General Property (LGP) has completed two sale and leaseback deals worth almost £35m with brewing giant Marston's.

The agreements include the purchase of Marston's headquarters in Wolverhampton, which was bought for £9.3m reflecting an NIY of 4.3%.

It has been leased back to the company, which has occupied the site since the 1970s, for a 40-year RPI linked term term. As part of the deal, the facility has been refurbished and now comprises 47,106 sq ft of floorspace and 52 parking spaces.

Jackson Criss advised LGP who acquired Marston's headquarters on behalf of its LPI (Limited Price Inflation) Income Property Fund.

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Leamington Spa - Regents Court

April 26, 2016
Jackson Criss completed their agency and investment advice to NewRiver culminating in the sale of Regents Court, Leamington Spa to BAE Systems c/o LIM for a total consideration of £28.4 million , reflecting an NIY of 5% and generating an IRR of 129%.

The sale followed the three year fundamental repositioning of the asset to a create a restaurant, retail and hotel venue. The 167,000 sq ft asset comprised 13 restaurants including Gusto, Cote, GBK, Las Iguanas, Nandos, Turtle Bay, Yo Sushi and Wagamamas. Additionally the asset provided 9 retail units and a Travelodge Hotel. Restaurant rents ranged between £20 and £25 per sq ft.
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The Neptune Portfolio

April 26, 2016
Jackson Criss advised NewRiver upon the purchase of the Neptune Portfolio for a total consideration of £92.3 million, equating to a net initial yield (‘NIY’) of 8%, an equivalent yield of 9.6% and a reversionary yield of 10.5%. The Portfolio, assembled between 2005 and 2006, was acquired in the market at a then combined total of £312 million.

This geographically diverse portfolio comprises three assets: the Ridings Shopping Centre, Wakefield in West Yorkshire; the Cornmill Shopping Centre, Darlington in the North East of England; and the Capitol Shopping Centre, Cardiff in South Wales.

The Portfolio has been acquired significantly below replacement cost and comprises 727,000 sq. ft. of multi-use lettable space combining retail and leisure units currently let to strong anchor retailers. The portfolio is highly reversionary with a combined reversionary yield of 10.5%, a high occupancy of 96% generating a strong and a sustainable income stream underpinned by a WALE of 5.30 years.

The Portfolio benefits from a range of high quality retailers and anchor stores, complementary to the Company's existing portfolio, including Next, Primark, Tesco, Morrisons, TK Maxx, Easy Gym and Boots and attracts a combined annual footfall of 22 million. Existing total net income for the portfolio is £7.75 million per annum with affordable average rents of £11.80 per sq. ft. offering excellent opportunities for future income growth.

The Portfolio presents significant asset management, extension and development opportunities following a period of under investment. Initiatives include the reconfiguration of units to create more attractive units appropriate to retailer demand, improvements to the existing retail mix, and specifically, the repositioning of the Capitol Shopping Centre as a leading food and leisure destination.
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Bexleyheath – Broadway Shopping Centre

April 26, 2016
Jackson Criss have recently advised NewRiver upon the purchase of Broadway Shopping Centre and Broadway Square in Bexleyheath, south east London (the “Bexleyheath assets”) for a total consideration of £120.25 million, equating to a net initial yield of 6.7% and an equivalent yield of 7%, with net rental income at purchase of £8.16 million per annum.

The acquisition was a rare opportunity to acquire high-quality retail assets in the Greater London area at an attractive price, representing approximately 95 basis points above the 15-year average IPD non-central London retail net initial yield of 5.75%. The assets have been acquired from CPPIB/LIM, using existing cash resources.

The Bexleyheath assets are 100% occupied, reflecting high demand from retailers, and provide a strong range of convenience, food and fashion retailers in line with NewRiver’s wider portfolio. In total, the Bexleyheath assets comprise 525,000 sq ft of prominent retail space across an eleven-acre site with an average WALE of 12.65 years. Comprising over 60% of the town’s retail space, the Bexleyheath assets provide the principal retail destination for a large area of south east London and north west Kent, and attract over 9 million shoppers per annum.

The Broadway Shopping Centre is anchored by high quality retailers such as Marks and Spencer, H&M, New Look, Argos and Boots. The adjacent Broadway Square Retail Park includes tenants such as Sainsbury’s, Poundland, JD Sports and TK Maxx.

The Bexleyheath assets benefit from an affluent and growing population which will be further sustained and supported by major regeneration and infrastructure projects including Thames Gateway, Europe’s largest regeneration project, which will provide 160,000 new homes in the area to meet rapidly growing demand and direct access to Abbey Wood Crossrail station expected to be operational in 2018.

[ read more]
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88/91 Briggate, Leeds

March 24, 2016
Acting on behalf of Aberdeen Asset Management Plc, Jackson Criss sold the freehold interest for 88/91 Briggate, Leeds.

The property was let to The Carphone Warehouse Limited on a lease for a term of 10 years from 19th October 2015, subject to a tenant only break clause from the 5th year of the term and a current rent of £155,000 per annum exclusive.

The property was sold for a price of £2,950,000, which reflected a net initial yield of 4.97%.

For any further information please contact Philip Hay.
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Crewe - The Market Shopping Centre

March 23, 2016
Crewe is located in the County of Cheshire. Manchester is located 27 miles north west of Crewe and Birmingham is located 44 miles to the south.

The Centre is freehold and is let to tenants including Wilko’s, Superdrug, Poundworld, B&M, Argos, River Island and Peacocks.

The Centre has a WAULT to expiry of c 5.15 years.

The Centre offers asset management initiatives including scope and demand for an additional terrace and a drive-thru development on part of the surface car park.

We are instructed to seek offers in excess of £22 million (Twenty Two Million Pounds), subject to contract and exclusive of VAT.

A purchase at this level would reflect a net initial yield of 8.26%, an equivalent yield of 8.71% and a reversionary yield of 9%, after allowing for purchasers costs of 6.8%. The capital value reflects approximately 143 per sq ft.
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Northampton - 20/32 Abington Street

March 07, 2016
Freehold retail block let to 9 tenants including HSBC, Select, Virgin and William Hill, with offices above. Sold in March 2016 to Topland for just under £7.5m.

Jackson Criss represented the vendors, Standard life, throughout the transaction.
[ read more]
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London - 192/194 Oxford Street & 26 Market Pl

December 01, 2015
Aberdeen Asset Management, acting on behalf of the HBOS UK Property Fund, has completed the sale of their flagship retail/office investment at 192/194 Oxford Street and 26 Market Place, London, W1.

The property, which was held long leasehold, was sold to St George’s Hall Holdings Limited, for a price of £44,750,000, reflecting a net initial yield of 2.26%.

The property produced an income of £1,071,715 per annum exclusive, 77% of which was attributable to the retail tenant Russell & Bromley, whose lease expires in March 2018. The 3 floors of offices above, accounting for the remainder of the income, are let on 3 separate leases.

The Fund purchased the property in May 2011 for £19,215,000.

Kerri Hunter Fund Manager of the HBOS UK Property Fund commented:
“Since purchasing this asset in 2011, we’ve refurbished and relet the offices as well as reviewing the retail rent, which has increased income by 24%. We feel that now is a good time to take advantage of the buoyant Central London market to lock in strong capital gains and a total return of 22% pa for our investors. This sale is in line with our strategy to selectively sell out of mature assets and reinvest into those offering active management opportunities.”

The buyer and associated companies already own a number of properties in the West End. Their agent Clive Bull commented that “the acquisition is an ideal addition to the portfolio, given its highly reversionary nature and potential scope to extend.”

Jackson Criss and Forsters acted for the Fund and Cushman & Wakefield and MacFarlanes acted for the purchaser.


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¡Hola! Barburrito

November 03, 2015
¡Hola! Barburrito, the UK's first burrito bar are currently expanding across the country. Jackson Criss are retained to secure sites within the M25. We look forward to hearing, Muchos Gracias. [ read more]
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Come and have a coffee with us

October 30, 2015
We're pleased to announce that Jackson Criss have been retained by Costa, jointly with Emanuel Oliver, to acquire new stores covering North Wales, The Midlands and North of England.

Costa is the nation's favourite coffee shop and the largest and fastest growing coffee shop chain in the UK.

Please call us to discuss your opportunity or better still come and have a Costa coffee with us
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Gosforth Shopping Centre - New Instruction

October 12, 2015
Jackson Criss are pleased to confirm appointment by Drum Property Group as joint letting agents on Gosforth Shopping Centre, Newcastle Upon Tyne. Gosforth is an affluent suburb of Newcastle approximately 3 miles from the city centre and Gosforth Shopping Centre fronts High Street which is the principal retail pitch of the town. The scheme provides over 73,000 sq ft of space in an attractive, modern shopping environment and is anchored by a Sainsbury's supermarket with other tenants including the likes of Costa, WH Smith, Boots and Virgin Money. The scheme also provides roof-top parking for over 100 vehicles. Please call us to discuss leasing opportunities. [ read more]
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West Byfleet - Sheer House Acquired

September 04, 2015
Acting on behalf of Altitude, Jackson Criss have acquired Sheer House, West Byfleet. A significant commercial opportunity, comprising a prominent retail and office scheme, plus 75 on site car spaces, situated at the heart of West Byfleet’s commercial centre and strategically located c.200m from West Byfleet mainline train station. [ read more]
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JD double up in Newcastle

July 30, 2015
NFU Mutual and retailer JD Sports have completed the redevelopment of 54-58 Northumberland Street at the heart of Newcastle’s retail pitch. The new 45,000 sq ft store has been 12 months in the making and is an amalgamation of the former HMV and JD Sports existing adjacent unit. The development is the second largest JD Sports in town store after the new Oxford Street East store which opened during the first week of July.

Jackson Criss represented NFU Mutual, with CBRE advising JD Sports.
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St Johns Centre, Leeds Sold

July 08, 2015
Jackson Criss, acting on behalf of Hermes, has completed on the sale of St Johns Centre in Leeds, Yorkshire to Valad European Diversified Fund for £37 million.
r /> The purchase comprises both the 79,084 sq ft shopping centre and 83,089 sq ft of office accommodation situated above.

The eight-storey property is located in the city centre with more than 30 retail tenants including Poundland, The Perfume Shop and Card Factory. Office tenants include William Hill and Sanef, which took 24,135 sq ft last year.
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C&R Buys Buttermarket

July 08, 2015
Capital & Regional, advised by Jackson Criss, has bought the Buttermarket Shopping Centre in Ipswich in a 50:50 joint venture with Drum Property Group.
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The Beacon Centre, North Shields

July 07, 2015
Jackson Criss are pleased to confirm appointment by NewRiver Retail as joint letting agents on The Beacon Shopping Centre in North Shields. Located approximately 7 miles east of Newcastle Upon Tyne the shopping centre is anchored by Wilko with other key tenants including New Look, JD, Holland & Barrett, Boots, Specsavers, B&M, Greggs and Poundland. The Beacon Centre provides the majority of the retail provision in the town with in excess of 180,000 sq ft of space in 41 units and parking for over 400 cars. Please call us to discuss new leasing opportunities. [ read more]
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Knutsford Restaurant Sold

July 07, 2015
Jackson Criss are pleased to announce the sale of a leisure investment at 95a King Street and 2 Malt Street, Knutsford, on behalf of Vilais (Twister) Ltd c/o Hawkstone Properties. The property is let to Rififi (UK) Limited on a FR&I lease for a term of 25 years from 15th November 2002 expiring on 14th November 2027 at a current rent of £80,000 pax, subject to 5 yearly upward only rent reviews. The property was acquired by a private client of King Street Commercial, in the sum of £975,000 after a competitive bidding process, reflecting a Net Initial Yield of 7.75%. [ read more]
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35 King Street, Manchester Sold

July 02, 2015
Jackson Criss have sold 35 King Street, let to Jack Wills on a full repairing and insuring lease for a term of 10 years from 24th September 2010 at a current rent £225,000 pa exc.

Jackson Criss secured a price of £4,100,000, which reflected a NIY of 5.19%, substantially in excess of asking terms.
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3.81% NIY for Holloway Rd Foodstore

May 21, 2015
On behalf of CBRE Global Investors Jackson Criss have sold this foodstore investment on Holloway Road, London for £6.2m reflecting a net initial yield of 3.81%. Jackson Criss advised on the purchase of the property for the fund in May 2011 for £4.158 million, showing a near 50% increase in value over 4 years. [ read more]
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Turtle Bay for Queen Street, Exeter

May 20, 2015
CARIBBEAN favourite Turtle Bay is the first of 7 new restaurants to sign up to Exeter’s exciting new Queen Street dining quarter. The eatery, which has 15 branches across the UK, will take up residence in a prime location facing out onto Queen Street itself, having signed contracts for a 25-year lease with Aviva Investors. The project is due for completion in May 2016.

Simon Green, associate director of Aviva Investors said: “They will be taking a 4,000 sq ft unit in Queen Street. The team have been working hard to secure the first deals to bring new flavours to Exeter and Turtle Bay will certainly do that.
“It’s a great start to the project and signals the way forward for regenerating the offer at the Guildhall Shopping Centre.”

George Waite, Turtle Bay spokesman, added: “We have been very impressed with Aviva’s plans for the Guildhall Shopping Centre. We have been looking for a suitable property for some time and we are confident that Aviva’s long term commitment and investment in this site will help cement Queen Street as the prime dining destination in the city. We look forward to opening our doors and inviting the people of Exeter to come in, kick back and enjoy a truly Caribbean eating and drinking experience.”
Karime Hassan, chief executive and growth director of Exeter City Council, said: “We are working hard to build the city’s evening and night time economy and the announcement will undoubtedly further strengthen the appeal of the city centre and is a brilliant addition to Exeter’s culinary offer.”
The Queen Street project will see the Guildhall Shopping Centre’s neo-classical façade on Queen Street transformed, create a new entrance from the high street and reinvent the three public spaces within the centre itself: Market Square, bordered by amphitheatre-style seating areas, St Pancras Square overlooking the beautiful 13th century St Pancras Church and Goldsmith Square, making them all more welcoming and attractive to shoppers and diners alike.

Will Biggart from letting agents Jackson Criss said: “We are off to an excellent start at Queen Street, we now have more than 70 per cent of the total floor area either in solicitors hands or already exchanged, with excellent demand on the remaining space. This will become the premier dining destination within Exeter when completed with two roof top restaurants and some very exciting names, new to the South West. We expect this to draw more people to the city centre and the dining will complement the already strong city centre retail experience and complete the missing part of the jigsaw within Exeter and provide a shot in the arm for the city’s eating offer.”
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Prime Guildford High St Investment

May 19, 2015
Sold by Jackson Criss on behalf of ReAssure Limited on behalf of Aberdeen Asset Management PLC to an oversees investor for £5.75m, which reflected a net initial yield of 4.6%. The property was let to Moss Bros on a 10 year lease from June 2014 at a rent of £280,000 pax,subject to a tenant break clause effective 23rd June 2019. [ read more]
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Sale of 58 Week Street, Maidstone

May 03, 2015
Jackson Criss are pleased to announce that on behalf of White Pillar Properties we have disposed on 58 Week Street, Maidstone. The property is let to Superdrug.
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Epsom High Street - Block Acquired

April 13, 2015
Acting on behalf of Electricity Supply Nominees Limited, Jackson Criss have acquired the virtual freehold interest in the subject block, which is let to TK Maxx, Carpetright, NCP and Pure Gym. The Fund agreed to pay the price of £7.45m, which reflected an attractive net initial yield of 6.88%. [ read more]
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Bury Street Centre, Abingdon

February 04, 2015
Aberdeen Asset Management’s Bury Street Centre in Abingdon is going from strength to strength since winning the BCSC Gold Award in 2013. In the past year, new lettings have included Parsons the Baker, a major new store for New Look, Vodafone and most recently, yet to open, Boots Optician. Due to the success and overwhelming demand for the town due to its very affluent catchment, we are in discussion with a number of retailers to look at redeveloping the Centre further, along with introducing restaurants. Andy Criss commented “Abingdon has been a real success story due its strong sales densities from the likes of New Look, having recently upsized. Due to the success of Phase I and lack of further big box opportunities, we are now looking at the next phase of the redevelopment to satisfy the demand which will only go on to strengthen the vitality of the area”. [ read more]
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