Cooke & Arkwright
Property Investment News
Ice yields
20/04/2010
Acting on behalf Jay Allied Assets Ltd, our Investment Agency has acquired an Iceland supermarket in the Staffordshire market town of Litchfield. The 6,590 sq ft property is let to Iceland Foods until 2019 and has been purchased at £1.1million, showing a yield of 6%. In comparison to a number of other Iceland and other superstore investments recently brought to the market, this yield is extremely favourable.
Longford boosts Welsh portfolio
20/04/2010
Acting on behalf of the Longford Investment group, Cooke & Arkwright has completed the purchase of Leeway Court in Newport. The industrial / warehouse esate is a former WDA (Welsh Development Agency) site, comprising four terraced blocks totalling 41,179 sq ft in unit sizes of 2,440 sq ft and 1,275 sq ft.
Industrial estates sold for £3m
25/08/09
Cooke & Arkwright’s investment agency department has sold two industrial estates totalling some 79,000 sq ft for the Ashtenne Industrial Fund for a price of £3m, reflecting a net initial yield of 10% on the existing income.
Ashtenne disposes of 36,000 sq ft at Aberdare
22/10/08
Acting on behalf of Ashtenne Industrial Fund, Cooke & Arkwright has sold 36,000 sq ft at Aberaman Industrial Estate in Aberdare to a private client of Alder King for £1,435,000.
Barwood in £9m+ Chepstow deal
15/08/07
Barwood Developments Limited has acquired Newhouse Farm Distribution Park in Chepstow from Prudential for a price in excess of £9m. The property comprises a development site of five acres and a building of 224,000 sq ft which is let to Asda at £785,000, providing a yield of 8.70%.
North Wales Business Park Acquired
18/10/06
Ashtenne Industrial Fund has acquired units 20-28 at St Asaph Business Park in north Wales. First developed by the Welsh Development Agency in 2001, the site totals 110 acres and is widely recognised as the premier business park in north Wales.
Llewelyns Quay sold for ABP
28/09/06
Acting on behalf of Associated British Ports, Cooke & Arkwright has sold the 21 acre Llewellyn’s Quay Industrial Estate, Port Talbot.
Industrial Park Investment and refurbishment success
13/09/06
Following a major contract which involved the acquisition, refurbishment and letting of over 22,000 sq ft of industrial premises at St Catherine’s Park, Cardiff on behalf of Cheshire County Council’s pension fund, chartered surveying firm Cooke & Arkwright has now acquired Taymuir Green, the final part of the estate for £1.25m.
Ashtenne increases South Wales Portfolio
14/09/05
Ashtenne Industrial Fund Limited has increased its South Wales portfolio with the purchase of units 1-18, John Baker Close, Llantarnam Park, Cwmbran.
Standard Life add Axys to Welsh Property Portfolio
02/03/05
Standard Life Investments Property Income Trust (SLIPIT) has acquired the 45,000 sq. ft. Axys building at Nantgarw Business Park, Cardiff from the Welsh Development Agency for £7.4 million showing a net initial yield of 7.16%.