18 Dec 2023
We are pleased to share our UK private client has completed the purchase of the long leasehold interest (990 years) in The Barts Square Collection, EC1 from Helical.
The price achieved was £7.0m which represented a low capital value of £494 per sq ft and a NIY of 7.50%.
The multi-let retail portfolio within a new mixed-use development comprises of 8 retail units totalling 14,771 sq ft. 7 of the units are either let or under offer with a strong WAULT of 13.1 years to expiry and 8.0 years to breaks with great nearby amenities being in close proximity to the Smithfield Market regeneration and new London Museum development due to open in 2026.
Great to work with Ingleby Trice who represented Helical.
For further detail on this transaction or for any Capital Markets advice please get in touch with the team.