Boultbee Brooks is proud to introduce its new Property Asset Manager Emma Bradley

Emma joined Boultbee Brooks Real Estate in April 2016, as Property Asset Manager to work closely with James Whitcher, Chris Winn and the Asset Management team.

Emma has worked for BNP Paribas Real Estate, a Canadian client – Realstar Group and more recently Buccleuch Estates Limited managing diverse portfolios of multi-tenanted and mixed use property assets and estates; more specifically high end office, residential, retail, leisure units, GP centres and hotels nationwide although predominantly in London. Prior to this, she graduated in Land Management from The University of Reading. We have no doubt Emma will be a very valuable asset to BBRE.

Outside of work, Emma is a keen sportswoman participating in horse riding, country pursuits, skiing, tennis and swimming.

For more information contact:

Christine Elsasser

Boultbee-Brooks Real Estate

+44(0) 20 73498454

Email: Christine@bbre.co.uk

www.boultbeebrooks.co.uk

Boultbee Brooks Real Estate sells Queenstown Road to TH Real Estate for £7.7 million

London, 11 April 2016 – Boultbee Brooks Real Estate has announced the sale of 220-220A/B Queenstown Road, London to TH Real Estate, for £7.7 million.

220-220 A/B Queenstown Road comprises two attractive multi-let period buildings comprising 14,500 sqft of office space arranged over ground and four upper floors, located in the popular area of Battersea in the London Borough of Wandsworth.

Situated on the east side of Queenstown Road at its junction with Ingate Place, circa 200 metres from Queenstown Road mainline railway station, the buildings benefit from quick and direct access to London Waterloo, Vauxhall and Clapham Junction overland railway stations, as well as being a short walk to Battersea Park railway station, providing direct access to Victoria.

Since acquiring the property in 2014, Boultbee Brooks re-geared various of the occupational leases and also achieved prior approval for conversion of part of the premises to residential under the Town and Country Planning (General Permitted Development) Order 2015.

Acting on behalf of the vendor, Robert Cannock of Aurum Real Estate, who advises Boultbee Brooks, said, “Since acquiring the property for our client we received a number of interesting approaches from various parties keen to acquire it. Battersea is a rapidly improving area of London and many of the nearby commercial premises have been converted to residential, but in addition to that potential, these buildings offer small floor plate sizes that are ideally suited to the improving local office occupier market. TH Real Estate made a strong proposal that took account of the building’s future potential and accordingly we were happy to accept their proposal, as it allowed our client to exit ahead of their intended business plan period and with an attractive return on their investment.”

TH Real Estate were advised by Springer Nicolas.

Boultbee Brooks Real Estate sells business park in Hemel Hempstead for £7.5m

London, March 2016 – Boultbee Brooks Real Estate (BBRE) has sold Hemel Park, Boundary Way in Hemel Hempstead to Metric Distribution Limited for £7.5 million after originally acquiring the site in March 2011.

Built in 1987 and extensively refurbished in the last five years, Hemel Park is a high-quality business park comprising a two-bay detached industrial unit extending to 65,404 sq. ft. with two-storey offices to the front. The specification comprises steel frame construction, extensive car parking and a self-contained secure yard. It has been designed to achieve BREEAM ‘excellent’.

The business park provides easy access to nearby motorway networks and airports; the M1 is located one mile away and the M25 is three miles away, and Luton and Heathrow airports can be reached within 12 miles and 25 miles respectively providing excellent access for global businesses.

Hemel Hempstead is a significant industrial and commercial centre in Hertfordshire that attracts large occupiers. Activity has been buoyant with the recent completion of major infrastructure works to the M1 motorway, which has further enhanced the town as a popular business and distribution area.

Lucy Boultbee Brooks at Boultbee Brooks Real Estate said: “Hemel Park is situated in an established industrial location offering high-quality, refurbished space with modern accommodation. We’re pleased with the sale and to have achieved a good return on our investment.”

Iconic St Paul’s House, Leeds Sold for £23.7 million

Boultbee Brooks Real Estate (BBRE) has announced the sale of St Paul’s House, one of Leed’s most iconic office buildings, for £23.7m, representing a 6% net initial yield.
The 65,000 sq ft magnificent Grade II*listed building was purchased by Michael and Steven Elghanayan’s London-based property investment company EPIC UK in an off market deal, following completion of BBRE’s comprehensive refurbishment and 24,000 sq ft letting to DAC Beachcroft LLP.
James Whitcher at BBRE commented, “We are delighted to have restored St Paul’s House to its former glory. The disposal to EPIC has allowed us to achieve a very attractive return on our investment that was not only ahead of business plan but also fully justifies the speculative costs we incurred in the comprehensive refurbishment of the property. As with all our disposals, we will now look to opportunistically re-invest the proceeds of the sale into new projects as and when they arise.”
Michael Elghanayan of EPIC UK said: “We are very proud indeed to have acquired one of the most magnificent office buildings in the city of Leeds. Following its extensive and sensitive refurbishment, we believe St Paul’s House is a very attractive investment, given its superb location, excellent facilities, including parking, and impressive occupiers.”
Commenting on the disposal, Robert Cannock of Aurum Real Estate who advises BBRE said “we acquired St Pauls House for BBRE two years ago with the intention of repositioning the property within the Leeds office market and creating an investment of Institutional standard that would then appeal to a long term investor. Having completed the refurbishment and achieved the key letting to DAC Beachcroft, we were pleased to receive a couple of strong approaches from interested investors and we were very happy to agree the sale to EPIC, as they have an excellent reputation and track record of performance.”
Graham Foxton, investment partner with Knight Frank, commented: “We are thrilled to have acquired a great Leeds landmark and arguably the most striking building in the city centre for EPIC UK following a lengthy search for the right asset in Leeds. “It boasts a high-quality Grade A office specification internally which, when combined with the stunning exterior façade and its unrivalled location, offers one of the most attractive working environments in Leeds. Boultbee Brooks did a wonderful job”.
Aurum Real Estate advised BBRE. Knight Frank Leeds Office advised EPIC UK.