Activity evident in all investor classes in South Wales

Over £40m investment deals transacted in second quarter of 2015

28 July 2015

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Our investment team, comprising Graham Davies, Nick Lawley and Nick Golunski, has transacted over £40m worth of deals in South Wales in the second quarter of 2015. The level and quality of these deals reflect the current trend for increased investor interest in commercial property in the region and provides evidence of the attraction to each investor class.

These include:

  • Acquisitions for pension funds – attracted by the opportunities for rental growth and income yield;
  • Disposals to American private equity funds – attracted by high initial yield, providing generous premiums over low interest rates;
  • Acquisitions for private individuals investing through SIPPs – new pension rules making SIPPs more attractive as an investment vehicle for new clients.

 

Recent transactions included the acquisition of Helmont House, Cardiff on behalf of Knight Frank Investment Management for £34.6m (the biggest deal in Wales in the first half 2015) and the sale of Ty’r Llyn/Venture Court Swansea to Colony Capital/Quidnet Capital.

 

The size of our Investment team and combined breadth of our experience enables us to closely track local and national market conditions and fluctuations affecting the attractiveness of commercial property in Wales to all types of investors. We are negotiating a number of further acquisitions and are always happy to give investors the benefit of our expertise. Please contact Graham Davies, graham.davies@coark.com Nick Lawley, nick.lawley@coark.com or Nick Golunski nick.golunski@coark.com .

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I have worked with Jeremy Symons over the past three years successfully leasing and buying property in support of my business. I continue to be very pleased with his knowledge of the market and expertise. Our relationship over this time has resulted in acquiring 20,000 sq ft at Capital Business Park in Cardiff, leasing 11,000 sq ft at Southpoint, and subsequently leasing an initial 42,000 sq ft at Parc Bedwas, followed by a succession of expansions of a further 11,000 and then 47,000 sq ft, enabling us to centralise all of our operations at Parc Bedwas in a single 100,000 sq ft facility. The acquisitions were completed at the perfect time for tenant purposes and the rent fixed throughout the term at very economical rates. A job well done.

Bob James, Aerfin