Author Archives: Mouse Code

ADDLIVING: SUCCESSFUL LAUNCH OF FOURTH PRS APARTMENT BLOCK AT HEADINGLEY, LEEDS – 23 out of 27 apartments under Offer on Day One of Launch

ADDLiving, the specialist residential management and leasing company has successfully launched 27 one- and two-bedroom residential apartments in the newly redeveloped apartment block at Headingley Park, Leeds and on Day One of the launch has secured 23 apartments under offer. The apartments are available for rent from the end of August and will be managed […]

ADDINGTON CAPITAL APPOINTS NEW ASSET MANAGEMENT PARTNER- David Dalrymple joins from Columbia Threadneedle

Addington Capital, the property investment and asset management specialist has recruited David Dalrymple as a salaried partner focussing on asset management. Dalrymple joins from Columbia Threadneedle Property Investments where he was a senior asset manager specialising in the UK Real Estate Market. David will be primarily responsible for looking after assets in the office sector. […]

THE BIG PICTURE: TIME TO STOP WORKING IN SILOS – An article by Matthew Allen

The value destruction going on in our towns and city centres presents both the greatest challenge and the biggest opportunity in my 30 years in the property industry. Our industry is familiar with economic cycles but not used to big structural changes in the occupational markets. The way the commercial industry has organised itself as […]

NEW RECRUIT FOR ADDINGTON CAPITAL RESIDENTIAL TEAM

Fred Verity Joins from JLL London, May 24th 2019, Addington Capital, the investment and asset management specialist has recruited Fred Verity as an asset manager to join its residential asset management team. Fred joins Addington from JLL where he has worked in the firm’s residential advisory business, in its Affordable Housing Team since 2016. This […]

EUROPA CAPITAL AND ADDINGTON COMPLETE SALE OF RESIDENTIAL UNITS AT LAKENHEATH FOLLOWING SUCCESSFUL 5-YEAR PROJECT TO CREATE NEW HOMES

Europa Capital and joint venture partner Addington Capital have sold the final residential unit at RAF Lakenheath in Suffolk, UK, on behalf of Europa Fund IV, following a major conversion programme. The assets consist of 473 terraced units and detached houses and were previously used as the married living quarters for the US Air Force, […]

TRISTAN FUND & ADDINGTON SELL HARLOW MIXED-USE SITE TO STRAWBERRY STAR

Deal strengthens Strawberry Star Group’s volume housing vision of delivering 4,000 homes by 2025 London, 4th April 2019: EPISO, an opportunity fund advised by Tristan Capital Partners, in partnership with Addington Capital, have sold a mixed-use 4.5-acre site with consent for residential 447 units to Strawberry Star Homes for a price in excess of £15 […]

ADDINGTON CAPITAL APPOINTS NEW DEVELOPMENT PARTNER: MIKE MCGOVERN JOINS FROM EASTERN & ORIENTAL

London, March 8th 2019 Addington Capital, the property investment and asset management specialist has recruited Mike McGovern as a salaried partner and new head of Development. Mike joins from developer Eastern and Oriental and prior to that had spent eight years at Buro Four. Mike will be responsible for looking after Addington’s existing projects including […]

ADDINGTON CAPITAL SELLS IN SHEFFIELD

London March 6th 2019 Addington Capital, the investment and asset management property specialist has sold two buildings in Sheffield: – Wellington House (Wellington Street) was sold to Code Students Limited for £1.8million. The building comprised of 12 flats and a ground floor retail unit measuring 3,000 sq ft. – Princess House, a 43-bed student scheme, […]

Europa Capital and Addington add to residential platform with acquisition of £55 million London portfolio

London, 26 October 2018, Europa Capital, the pan- European real estate investment manager and its partner, Addington Capital, have completed the acquisition of a £55 million portfolio of residential properties in London. The portfolio, which was acquired through Europa Capital’s Fund V, consists of mostly Victorian and Edwardian houses and apartment conversions in London and […]

ADDINGTON CAPITAL GEARS UP FOR EXPANSION WITH NEW ASSET MANAGEMENT PARTNER APPOINTMENT AND MOVES INTO NEW OFFICES IN W1

London, October 22nd 2018 Addington Capital, the property investment and asset management specialist has recruited Helen Shellabear as a salaried partner to focus on asset management in its growing team. Shellabear joins from Hudson Advisors L.P. where she was a Vice President within the Real Estate Asset Management business. Helen will be responsible for looking […]

ADDINGTON CAPITAL AND ICG-LONGBOW FORM FIRST JOINT VENTURE TO ACQUIRE £45 MILLION BONSAI PORTFOLIO

London – Addington Capital, the property investment and asset management company has acquired the five property “Bonsai” portfolio for £45 million with debt and equity funding provided by ICG-Longbow, Intermediate Capital Group’s real estate business. The mixed use portfolio of high yielding residential, office and retail properties has been acquired from EPISO3, an opportunity fund […]

ADDINGTON FOUNDERS LAUNCH “ADDLIVING”: A NEW RESIDENTIAL MANAGEMENT AND LEASING PLATFORM And Recruit Erdal Kacar- New Head of Operations from L&Q

London, Friday June 29th 2018.The founders of Addington Capital, Martin Roberts and Matthew Allen have launched “ADDLiving”, an independent management and leasing platform to service the growing PRS/BTR sector in the UK. Erdal Kacar has joined as head of operations from L&Q, the private rented specialist where he was responsible for the management and leasing […]

PRIMARK OPENS TODAY IN BURNLEY- NEW 32,000 SQ FT OF RETAIL SPACE PROVIDES BOOST TO SHOPPING CENTRE

Addington Capital, the investment and asset management company, in partnership with the shopping centre owner EPISO, a fund advised by Tristan Capital Partners announces the opening TODAY of the Primark store at its Charter Walk Shopping Centre in Burnley. Primark has taken 32,000 sq ft of retail space and the store will create 110 jobs […]

Addington Capital sells in Braintree for over £6 Million

Addington Capital, in partnership with EPISO3, an opportunity fund advised by Tristan Capital Partners, has sold the Bradbury Works, Braintree to Locksbridge Developments (Braintree) Limited for £6.195 Million. The freehold industrial development site extends to just under 9 acres and has planning permission for 196,000 sq ft of new B2/B8 accommodation. Avison Young advised Addington. […]

Addington Capital Sells Princess House, Shrewsbury for £12.4million

The property comprises high quality retail and leisure let to tenants including JoJo Maman Bebe, Patisserie Valerie, Starbucks and Cote. The upper floor offices are well let to government and local council agencies, including Shropshire CommunityHealth NHS Trust and the Ministry of Defense. Addington was advised by KLM Retail. Alex Wagstaff, Partner at Addington Capital […]

55 Queen Street, Sheffield Now Redeveloped

Addington Capital, the property investment and asset management company has now completed the development of 55 Queen Street, Sheffield S1, in Sheffield City Centre into a residential apartment block and is now marketing the units. Addington acquired the 17,800 sq ft old Victorian office building in January 2016 as part of a larger portfolio and […]

Addington Capital and Europa Capital acquire office building for conversion to Private Residential Block in Hounslow, London

Addington Capital and Europa Capital have completed the acquisition of One Lampton Road in Hounslow from clients of LaSalle Investment Management for over £20 million. The investment is the second acquisition for the London Affordable Residential Platform, which will focus on the creation and conversion of residential accommodation in undersupplied London markets. The 121,812 sq […]

Addington Capital and Europa Capital announce two further lettings at the Quadrant, Abingdon Science Park

Fund manager Europa Capital and Addington Capital, the investment and asset manager joint venture partner, have completed two further lettings at The Quadrant, Abingdon Science Park. The Fishawack Group of Companies, a healthcare communications group, is taking 4,700 sq ft (Unit 31) of refurbished accommodation on a ten year lease. In additional, MJA Consulting, a […]

Matthew Allen of Addington Capital Calls the Government To Be Realistic about Viability and How To Achieve More Affordable Housing

Despite continued efforts by central government to increase housing supply, government policies are not tackling the root cause of the housing shortage- an obstructive planning system and the funding of affordable housing. Unlike the public sector, the private sector has a more expensive cost of capital and a mandate to deliver risk adjusted investment returns […]

Addington secures planning for new mixed regeneration scheme in Harlow, Essex

London, December 14th 2017 Addington Capital, in partnership with EPISO, an opportunity fund advised by Tristan Capital Partners, has received unanimous approval from Harlow Council for an exciting new mixed-use re-generation scheme on part of its Harvey Centre, shopping centre in Harlow. The Little Walk, East Gate, West Gate and Gatehouse area of the centre […]

Addington Capital announces two new restaurant tenants for Harvey Shopping Centre in Harlow: Sticky Sisters and Burger Priest open new stores in “The Terrace” – Now 80% LET

London, December 8th 2017 Addington Capital, in partnership with the shopping centre owner EPISO, an opportunity fund advised by Tristan Capital Partners, has attracted two new tenants that offer fast dining experiences to the Terrace, its newly re-developed leisure scheme in the Harvey Shopping Centre in Harlow, Essex. Sticky Sisters is taking circa 3,000 sq […]

Addington Capital: Sale of the Tower, Sheffield for Student Accommodation

An Addington Capital joint venture company has sold The Tower in Sheffield to Rose Gold Estates Limited. Addington, the property investment and asset management specialist, acquired the 26,589 sq ft city centre office building property in January 2016 as part of the Prospect Portfolio and achieved planning consent to convert the building into an 81 […]

Addington Capital: Second Tim Hortons Coffee Shop for Queen’s Arcade Cardiff

Addington Capital, in partnership with the shopping centre owner EPISO, an opportunity fund advised by Tristan Capital Partners, has let another unit in its Queens Arcade shopping centre to Tim Hortons coffee shop. Tim Hortons is taking a new unit of around 2,000 sq ft at 16 Working Street in Cardiff City Centre. This follows […]

Addington Capital & Tristan Capital Partners announce lettings: Union Square Shopping Centre, Torquay: Now 99% Let.

Addington Capital, the property investment and asset management company, in partnership with EPISO,an opportunity fund advised by Tristan Capital Partners, has completed two further deals at its Union Square Shopping Centre in Torquay; · That’s Entertainment has taken a three year lease on circa 3,000 sq. ft. · Greggs has taken a fiveyear lease on […]

Addington Capital scores a HAT-TRICK in Cardiff

Addington Capital, the property asset management and investment company has raised nearly £3.9m from the sale of three prime retail units in the centre of Cardiff. The shops were part of the Sapphire Portfolio acquired by Addington Capital and EPISO, an opportunity fund advised by Tristan Capital Partners in 2011. The portfolio included Cardiff’s Queens […]

Addington Capital annouce New Office and Restaurant lettings in Shrewsbury Town Centre.

Addington Capital, the property investment and asset management company has been completed a trio of office deals at Princess House, Shrewsbury Town Centre in recent months and the upper floor is now fully let. · The Secretary of State for Communities & Local Government has signed a 10 year lease renewal to occupy circa 12,000 […]

Addington Capital: Exciting new restaurant tenant for Queens Arcade in Cardiff: Tim Hortons Coffee Shop opens first shop in Wales.

Addington Capital, in partnership with the shopping centre owner EPISO, an opportunity fund advised by Tristan Capital Partners, has attracted TimHortons, the Canadian Coffee House to its Queens Arcade Shopping Centre in Cardiff. Tim Hortons is taking a new 10 year lease for 2,500 sq. ft. at Unit 20, Queens Arcade. This is a prominent […]

Addington Capital sells in Basildon, Essex.

Addington Capital, the property, investment and asset management specialist, announce the sale of retail properties 6-30 and 51-81 in Southernhay, Basildon to a private investor for £4.7 million. The properties consist of two unbroken retail parades of shops with residential maisonettes on the first floor of one parade comprising a total area of circa 48,000 […]

Addington Capital: New Shopping Centre Manager at Charter Walk Shopping Centre, Burnley as site prepares fit out for Primark

Addington Capital the property investment and asset management specialist has appointed Debbie Hernon, as the new Shopping Centre Manager at its Charter Walk Shopping Centre in Burnley. The 250 ,000 sq ft shopping centre has had a busy first half of the year as it prepares for the new 40,000 sq ft Primark Store, which […]

Addington Capital: New Letting to “HOME” Fine Dining in Leeds City Centre

Addington Capital, the investment and asset management specialist has let a circa 4,500 sq. ft. restaurant, 16-17 Kirkgate, Leeds to “Home”, the fine dining experience. “Home” is being set up by Elizabeth Cottam, the much praised semi-finalist of last year’s BBC MasterChef and her business partner Mark Owens, former Head Chef at Michelin-starred The Box […]

Addington secures planning and markets Industrial Development site in Braintree.

Addington Capital, in partnership with EPISO3, an opportunity fund advised by Tristan Capital Partners, has appointed Avison Young to market its freehold industrialdevelopment site , Bradbury Works, in Braintree, Essex for offers in excess of £6 million. The site extends to just under 9 acres and Addington has recently secured planning permission for 196,000 sq […]

Tristan Capital and Addington Capital: Sale of Randall House (6 Dowgate Hill) in the City

Addington Capital, the investment and asset management specialist and EPISO 3, an opportunity fund advised by Tristan Capital Partners, have sold the long leasehold interest in Randall House, 6 Dowgate Hill, EC4 to an overseas client advised by Salamanca Group for £16.85million. The 15,853 sq ft building has been sold fully let. The vendors were […]

Europa Capital and Addington Capital Announce two further new Lettings at The Quadrant, Abingdon Science Park, Oxfordshire: over half the space now Re- Let

Europa Capital and Addington Capital Announce two further new Lettings at The Quadrant, Abingdon Science Park, Oxfordshire: over half the space now Re- Let Addington Capital, the investment and asset management company and joint venture partners Europa Capital have completed two further lettings at the Quadrant, Abingdon Science Park: Tessella is expanding into 2,000 sq […]

Birmingham City Centre Leisure Investment changes hands for £5.4 million

An opportunity fund advised by Tristan Capital Partners,, and Addington Capital , the investment and asset management specialist, , has sold a prime leisure investment on Broad Street in Birmingham City centre to Downing Group for £5.4 million. The firms were represented by international real estate advisor Savills and the price reflects a net initial […]

Addington News News Archive Europa Capital and Addington Capital sell in Rotherham

Europa Capital and Addington Capital sell in Rotherham Europa Capital, and partner Addington Capital, the property, investment and asset management specialist, announce the sale of the Webhelp Call Centre in Dearne Valley, Rotherham to a privately owned Isle of Man property company for £6.875 million, reflecting a net initial yield of 9.25%. The freehold property […]

Europa Capital and Addington Capital entice new anchor tenant to the Quadrant, Abingdon Science Park, Oxfordshire

Addington Capital, the investment and asset management company and joint venture partners Europa Capital have completed the following letting at the Quadrant, Abingdon Science Park:

Addington Capital: Completion of final office lettings at Randall House (6 Dowgate Hill) in the City- still achieving £70 PSF

Addington Capital, the investment and asset management specialist has signed the final letting at Randall House, 6 Dowgate Hill, EC4. GBE Services Limited has taken 2,245 sq ft on the fifth floor of the building on a 10 year lease, with tenant’s break at year 5 – at a rent of £70 psf. This follows […]

Addington Capital: Flurry of Investment Sales shows growing demand for commercial property from HNW’s

Addington Capital, the property and investment and asset management specialist continues with its successful implementation of portfolio break-ups. Some of the recent sales include: 261 – 277a High Street, Orpington – 20,038 sq. ft. of retail, residential and office accommodation comprising a parade of shops, six 3-bed residential units and 2 office suites. The parade […]

Addington Capital secures Leading Retailer Primark for Charter Walk Shopping Centre, Burnley

Addington Capital secures Leading Retailer Primark for Charter Walk Shopping Centre, Burnley Addington Capital, the investment and asset management company, in partnership with the shopping centre owner EPISO, a fund advised by Tristan Capital Partners, announces the following lettings at its Charter Walk Shopping Centre in Burnley: * Primark is taking 40,000 sq ft on […]

Addington Capital announces eight new lettings in redevleoped unit in Harvey Shopping Centre, Harlow – New Tenants to open by Christmas

Addington Capital, in partnership with the shopping centre owner EPISO, an opportunity fund advised by Tristan Capital Partners, has completed the total redevelopment of the former M&S unit at the front of its Harvey Shopping Centre in Harlow, Essex and announces a series of eight lettings in the new space: • Nationwide has taken 4,730sq […]

Addington Capital To Sell Queen’s Arcade Shopping Centre In Cardiff

Addington Capital To Sell Queen’s Arcade Shopping Centre In Cardiff Addington Capital, the asset management and investment company, has appointed Time Retail Partners to bring its Queen’s Arcade Shopping Centre in Cardiff to market for sale. The vendors are seeking a yield of around 8%. Addington acquired the circa 150,000 sq ft shopping centre in […]

Addington and Europa Capital acquire residential-led property in Sheffield for £36.75m

Addington and Europa Fund IV, managed by Europa Capital have acquired Velocity Village, Tenter Street, Sheffield in a joint venture for £36.75 million. Cushman & Wakefield acted for the vendor. Velocity Village is a modern residential led property comprising 5 adjacent buildings surrounding a number of landscaped courtyards with 444 residential units (73 sold off […]

Cineworld to Open December 2016 In Harlow Shopping Centre

Addington Capital, in partnership with the shopping centre owners, announce a series of leisure deals at The Harvey Shopping Centre in Harlow, Essex, in anticipation of the opening of the new £9 million leisure development branded as “The Terrace” due to open in December 2016. The Leisure Scheme, located within the shopping centre, has been […]

Addington Capital Secures Poundworld in Union Square Shopping Centre, Torquay

Addington Capital, the investment and asset management specialist, in partnership with the shopping centre owners, has signed up Poundworld as a new tenant for its Union Square Shopping Centre in Torquay. Poundworld has signed a lease on a new bespoke 4,000 sq ft retail unit on a 10 year lease term at £65,000 per annum […]

Addington Capital Secures Exciting New Tenant in Bierkeller deal in Birmingham

Addington Capital, the investment and asset manager has secured The Burning Night company for the former Brannigan’s site in Broad Street, Birmingham, creating a prime leisure venue. The Burning Night company has agreed to bring its leading leisure brands to the the site in Broad Street and will open as a giant bierkeller and sports […]

Tristan Fund and Addington sell Blossom Retail Portfolio to LCP for over £23 million

London & Cambridge Properties (LCP) has boosted its retail portfolio with the £23.34 million acquisition of 100 retail units across England, acquired from EPI Special Situations3 (EPIS03), a fund advised by Tristan Capital Partners and Addington Capital. The Blossom Portfolio, which comprises 14 sites and includes high street stores and neighbourhood shopping parades, brings LCP’s […]

Addington Capital Appoints New Partner: Steven Vaughan

Addington Capital LLP, the asset management and property investment business has recruited Steven Vaughan as a new partner to focus on London offices and industrial asset management and development. Vaughan has joined Addington from The Conygar Investment Company PLC where he was the Property Director for over twelve years and was responsible for the asset […]

Addington’s £70/sq ft City lets

Addington Capital has secured two lettings at its City of London office block Randall House at headline rents of £70/sq ft. Arrow Enterprise Computing Solutions has taken 6,278 sq ft on the ground, first and second floors of the building, at 6 Dowgate Hill, while Australian law firm MinterEllison has taken 2,404 sq ft on […]

Europa Capital and Addington Capital sell in Rotherham

Europa Capital, and partner Addington Capital, the property, investment and asset management specialist, announce the sale of the Webhelp Call Centre in Dearne Valley, Rotherham to a privately owned Isle of Man property company for £6.875 million, reflecting a net initial yield of 9.25%. The freehold property comprises a 62,700 sq ft modern two-story building, […]

Addington Capital Announces New Letting in Ilkley, Yorkshire

Addington Capital, the investment and asset management specialist announce the first letting from the Retail Plus Portfolio, the £60 million portfolio acquired with Och-Ziff Real Estate(OZRE) from Rockspring, at the end of 2015. Wildwood Restaurants have exchanged contracts to take a new 15 year lease of circa 4,500 sq ft of newly refurbished space at […]

View Latest News Addington News News Archive Europa Capital and Addington Capital entice new anchor tenant to the Quadrant, Abingdon Science Park, Oxfordshire

Europa Capital and Addington Capital entice new anchor tenant to the Quadrant, Abingdon Science Park, Oxfordshire Addington Capital, the investment and asset management company and joint venture partners Europa Capital have completed the following letting at the Quadrant, Abingdon Science Park: PsiOxus Therapeutics will expand operations by taking 21,700 sq ft ( Unit 4 -10), […]

Europa and Addington grab Prospect for £42m

The portfolio of 28 assets was bought from receivers at Cushman & Wakefield acting on behalf of creditor PIMCO. The yield on the portfolio is above 10%. The assets were previously owned by individual borrowers. The loans secured against the properties were originally issued by Northern Rock. They were subsequently sold to Lehman Brothers which […]

Carval Investors and Addington Capital sell PRS Investment in Leeds

CarVal Investors and operating partner Addington Capital have sold the Waterside residential scheme in Leeds to a specialist PRS fund managed by LaSalle Investment Management for aproximately £25 million. The acquisition by LaSalle is believed to be one of the first residential acquisitions by a UK institution of a standing investment in the regions and […]

Addington Capital & Och-Ziff Real Estate bought £60m high street portfolio

An affiliated investment fund of Och-Ziff Real Estate (OZRE), in conjunction with operating partner Addington Capital, is to acquire the Retail Plus Property Trust, a Jersey Unit Trust currently managed by Rockspring Property Investment Managers (“Rockspring”), for around £60 million. Retail Plus includes a portfolio of high street shops in twelve regional cities in the […]

Charter Walk Shopping Centre in Burnley now 95% let

Addington Capital announces new Lettings at Charter Walk Shopping Centre, Burnley, scheme now 95% Let. Addington Capital, the investment and asset management company, in partnership with the shopping centre owners, at the Charter Walk Shopping Centre in Burnley including: – Letting of 6,000 sq ft to the Entertainer – Letting of 2,5000 sq ft to […]

The old Riverside offices in Keynsham could be turned into over 100 flats

The old Riverside offices on Temple Street in Keynsham could be turned into over 100 flats following an application lodged with B&NES Council by the current owners of the building. The application lodged with the council is to determine whether planning permission would be required for the transformation of office space into residential or whether […]

Addington Capital acquires former Marks & Spencer unit at Harlow Shopping Centre

Addington Capital acquires former Marks & Spencer Unit at Harlow Shopping Centre to create modern retail units. Addington Capital, in partnership with the shopping centre owners, have acquired the former M&S unit at the front of its Harvey Centre Shopping Centre in Harlow, to extensively refurbish and redevelop into eight modern retail units. The building […]

Tristan & Addington Sell Harmsworth House – over £28m

Tristan Capital Partners, in partnership with Addington Capital, the asset management and investment specialist, has sold the sixty year, long leasehold interest in Harmsworth House in Bouverie Street, London EC4 to a private family trust. The headline sale price of over £28m reflects a net initial yield of around 6.25% Harmsworth House was one of […]

Addington Celebrates Fifth Birthday At Cafe Royal

Addington Capital has celebrated its fifth birthday with a champagne reception for clients, contacts and friends held at the beautiful Pompadour ballroom of London’s Café Royal on March 5th. Over 150 guests enjoyed Addington’s hospitality including Addington’s partners, Europa Capital, Tristan Capital Partners and CarVal Investors, and other representatives from funds, financing houses and firms […]

New Head of Development

Addington Capital LLP, the asset management and investment property company has recruited Nic Bouma to head its Development Management business. Bouma has joined Addington from the V&A Waterfront (Cape Town, South Africa), where he was Development Manager reporting directly to the CEO of the 290 acre estate. Nic led the Strategic Master planning for the […]

JV marches off with £50m US Air Force site

The US Air Force’s residential base in Suffolk has been sold by Ireland’s National Asset ­Management Agency for £50m. Addington Capital and fund manager Europa Capital have bought 473 homes let to the US Air Force at RAF Lakenheath. The base’s married quarters and an adjacent small shopping parade were sold by bad bank Nama […]

Tristan & Addington pip Goldman to Project Tree

Tristan Capital Partners, in joint venture with Addington Capital, has pipped Goldman Sachs in the race to buy a £150m portfolio of regional assets once owned by the Noé family. Tristan and Addington, advised by Allsop and DTZ, has bought the Tree Portfolio, from receivers at KPMG for £153.2m. The price for the portfolio of […]

CarVal and operating partner Addington Capital breathes life…

US opportunistic fund manager CarVal Investors has made first push into the UK rental sector with the purchase of City Heights, a high-profile rented block of 183 flats at Leeds City Island, at a yield to be around 9.5%. CarVal and operating partner Addington Capital are thought to have paid Middle Eastern investors around £16m […]

Lloyds and Grainger complete landmark residential deal

Lloyds Banking Group and Grainger have completed the sale of a 336 asset residential portfolio through their Residential Asset Management Platform. Grant West Property, a company backed by Sir Tom Hunter and Uberior, the private equity division of HBOS, has been sold for £39.1m to Europa Capital and Addington Capital. The properties owned by the […]

SHIP Press Release

SHIP Press Release The Joint Administrators of Grant Residential Property Limited and Grant West Property Limited (GRPL and GWPL respectively), Fiona Taylor and Colin Dempster of Ernst & Young, have confirmed the sale of 366 residential properties out of administration to Europa Fund III, the pan-European fund managed by Europa Capital for an undisclosed sum. […]

Future Looks Bright for Charter Walk as it Celebrates New Signings

Charter Walk is celebrating following a raft of retailer signings to the shopping centre in Burnley. Fashion retailer, River Island, has agreed a new 10 year lease for the new Unit 1 to be formed as part of the Market Square Redevelopment proposals. River Islands’ new store will double from its current size to 11,300 […]

Harvey Centre hooks Cineworld to anchor leisure scheme

The Harvey Centre in Harlow has exchanged contracts with cinema operator Cineworld for a new 6 screen cinema on a long lease at the shopping centre. The cinema letting will anchor a new leisure mall to be developed on the first floor of the Harvey Centre, and follows a planning consent being granted in June […]

Cinema is Planned for Mall

Bold new plans to kick-start the regeneration of Harlow town centre by transforming part of The Harvey Centre into a multi-screen cinema complex and food court have been unveiled by the shopping mall’s new owners. Addington Capital – which took control of the centre last April – is set to pump £8m into an ambitious […]

The Big Question Debated

Estates Gazette’s weekly BigQuestion poll of the property industry has raised some key issues over the past eight months. We called together a group of industry experts to see what they made of the survey’s findings and to discuss the themes that got respondents talking the most.

£3m. Boost for Shoppers

A SHOPPING centre fit for the 21st century is what Burnley can expect when work on the £3m. Charter Walk revamp is complete. The centre’s manager Chris Gribben spoke exclusively to the Burnley Express to tell of his excitement at the plans, which will transform the centre, and hopefully attract “several new high street names” […]

New-look Market Square Unveiled – Minus Balcony!

PLANS to revamp Burnley’s Charter Walk market square, including removing the first-floor walkways and staircases, will be unveiled to shoppers for the first time today during a public consultation. IMAGES of how Burnley’s redeveloped Charter Walk shopping centre will look have been released for the first time. Bosses at Addington Capital, the property investments and […]

Tristan Capital/AEW Europe partners with Addington Capital to purchase three UK shopping centres out of Administration

European Property Investors Special Opportunities, L.P. (EPISO), a fund co-advised by AEW Europe and Tristan Capital Partners, has partnered with Addington Capital to complete the purchase of the Sapphire Retail Portfolio in the UK for £145 million representing a net initial yield of c.7.75%. The portfolio comprises three regional shopping centres; Charter Walk, Burnley, Queens […]

CIT MD sets up asset management business

CIT Group’s managing director is to set up a new asset management company. Martin Roberts, who has worked at CIT for ten years, will set up Addington Capital but will remain in his role at CIT. He will be joined by CIT director Matthew Allen. John Barroll Brown, CIT’s chairman and chief executive, said: “We […]