TW Keil

PRIME SOUTH EAST INVESTMENT SALE 29-31 St Peter's Street, St Albans TW Keil are delighted to launch the sale of this prime retail and residential investment in St Albans. Two attractive, very well located retail buildings, let to the robust covenants of Costa Limited and Vision Express (UK) Limited, together with two residential flats let on ASTs. Both tenants have renewed in September 2024 at rebased rents, providing a weighted average unexpired term of 7.47 years (5.44 years to break). For further information please contact: Ben Tyack 07917 557462 [email protected]

Canada Life Asset Management has completed the sale of a retail park in Devon for a final price that exceeded the quoting level. TW Keil FMX Urban Property Advisers 📲 Read more: https://lnkd.in/eZXdHDKM 📩 Subscribe to our newsletter to catch up on the week's retail property news: https://lnkd.in/echx4F_t

*INVESTMENT SALE COMPLETE* ROUNDSWELL RETAIL PARK, BARNSTAPLE TW Keil are delighted to confirm the successful sale of Roundswell Retail Park, Barnstaple on behalf of clients Canada Life Asset Management . The 73,500 sq ft scheme is anchored by Aldi with other tenants including Dunelm, Home Bargains, Sports Direct, McDonald's drive thru and Costa. The sale received strong depth of bidding resulting in the sale price exceeding the quoting level. Thank you to our clients Ben Wood and Samantha Murrell at Canada Life Asset Management . The purchaser was represented by Tom Heptonstall of FMX Urban Property Advisers. For further information please contact: Ben Tyack 07917 557462 [email protected]

High Street, Guildford Acting on behalf of the landlord we have recently completed the renewal of Hobbs lease at 137/139 High Street. Hobbs have committed to a 5 year lease, without break. Whilst there is not yet a clear and consistent established tone on High Street, with rents in the open market dictated by the quality of accommodation, the achievable lease length at renewal is now no less than 5 years in these premier south east locations. If you would like the details of this transaction or, would like an update on the occupational market please contact Jonathan Kelley or Dan Walker. #Retail #LeaseConsultancy #RetailLeaseConsultancy #AssetManagement

Leamington Spa - The Parade Acting on behalf of the Landlord we have recently completed the lease extension of SUPERDRUG STORES PLC lease at 89/90 The Parade, Leamington Spa. The lease extension for a term of 5 years, without break, is another example of the evolution in lease structures at renewal and on early regears where there is now a quite clear move away from the absolute requirement for a tenant only break at the end of year 3. These extended leases provide a compelling endorsement of high street retail as an asset class and how bricks and mortar will continue to be a vital component in the retail landscape in the future. If you would like to discuss our thoughts on the occupation market or, would like specific advice on any retail assets please do not hesitate to contact Jonathan Kelley or Dan Walker. #Retail #AssetManagement #RetailLeaseConsultancy #LeaseConsultancy #LeamingtonSpa

WEYBRIDGE INVESTMENT SALE COMPLETED 🔥 We are delighted to report the successful sale of 22 & 22b High Street, Weybridge on behalf of a long standing client. This prime freehold retail and residential investment is let to Waterstones and Kokoro, together with two upper floor maisonettes let on ASTs. In line with recent market sentiment we received good depth of interest with multiple bids. Congratulations to the purchaser who was advised by Daniel Richards of Philips Lockhart Star. A pleasure to deal with. TWK are very active in the prime south east and Greater London markets, with excellent knowledge of the most active buyers. For further information or to discuss your investment requirements please contact Ben Tyack. #retailinvestment #weybridge

St Albans - St Peters Street Acting on behalf of CBRE Investment Management and McMullen & Sons Ltd we have recently completed the lease renewals of Costa Coffee, Vision Express and Robert Dyas. All 3 renewals point towards an emerging trend of retailers dropping their requirement for a break at the end of year 3 at renewal. Occupiers who have a clear understanding and confidence in their future trading levels are now ‘breaking rules’ on lease length providing a clear indication that the continued resurgence of retailing on the high street is here to stay. If you would like to discuss our thoughts on the occupation market or, would like specific advice on any retail assets please do not hesitate to contact Jonathan Kelley or Dan Walker. #Retail #AssetManagement #RetailLeaseConsultancy #StAlbans

Guildford - 74 High Street Great to see the independent fashion retailer ‘The Gate Boutique’ open in Guildford High Street. The new shop fit looks fantastic. The Gate Boutique is an independent luxury womenswear fashion boutique which has traded in Guilford since 2011. TW Keil were delighted to act on behalf of Moretons Investments Ltd on this recent letting following their acquisition of the building with vacant possession. This is another positive step in terms of occupancy levels and tenant mix for this section of Guildford High Street. The Gate joins other recent openings for Reiss and French Connection . All three fashion occupiers have relocated from more secondary locations in Guildford city centre, reflecting a ‘flight to prime’ in terms of their physical property strategy whilst also taking advantage of the rebased rental levels in High Street, Guildford. TW Keil remain very active in Guildford with a number recently completed and ongoing leasing, lease consultancy and investment instructions. If you would like to discuss our views on the occupational market or require any advice on your retail assets please contact Dan Walker or Jonathan Kelley. #Guildford #Retail #RetailAgency #AssetManagement

Terminus Road - Eastbourne Great to see the new Greggs store open and trading in Eastbourne. TW Keil were delighted to act for CBRE Investment Management on this recent letting. This completes the new line up of occupiers within the parade. The previous tenants (Monsoon Accessorize, Clintons and Yours Clothing) have been replaced by Burger King, Tesco Express and now Greggs highlighting the continued strength of the ‘Food to go’ sector as operators continue to expand into prime retailing locations where rental levels have been rebased. Thanks to Robin Burn MRICS at Stephen Kane & Co who advised Greggs. TW Keil are active in a number of prime high street locations within the M25 and the south east. If you would like to discuss our views on the occupational market or require any advice on your retail assets please contact Dan Walker or Jonathan Kelley. #Retail #RetailAgency #AssetManagement #Eastbourne

Prime Harrogate Sale Completes 🚀 On behalf of clients Royal London Asset Management we are delighted to conclude the successful sale of 36-46 James Street, Harrogate. This 100% prime retail parade on exclusive James Street is let to Jigsaw, Cornish Bakery, Piglet in Bed and Ogdens of Harrogate. After a highly competitive bidding process pricing was well above asking with a depth of bidding not seen for some time. The prime high street investment market is marked by very strong demand from investors which is outstripping supply. Yields have moved inwards quite considerably since May for the very best product. For further information or if you would like us to provide you with a view please do get in touch. Finally, many thanks to our clients Luke Clark and Clare Andrews and also to Jonathan Peasgood and Chris Robbins Christopher Robbins who acted for the purchaser. A pleasure working with you all. #retailinvestment #primeretail #harrogate