Tue, 09 Mar 2010 | BUSINESS SALE
A one-acre freehold site on London's famous shopping street has been put on the market at between 200 and 210 million pounds.
The island site is being sold by Cosgrave Property Group, based in Dublin, and it is thought that the group decided to market the block after receiving a number of unsolicited approaches.
Cosgraves has instructed CB Richard Ellis to market the site, which may be purchased as one or two lots. The target sale price of over £200 million would mean a yield for the company of between 4.75 and 5.25 per cent.
The site includes the flagship stores of fashion retailers River Island, Next, New Look and Zara, all of which are on long-term leases. These make up about 80% of the income from the block. Other tenants include recruitment company Hays and the auctioneer Christies.
Prospective buyers may look at redeveloping the site in the medium to long-term.
The sale of such a prime freehold site on London's Oxford Street is a rare event and quite an investment opportunity. Given the lack of prime property currently available on the market, the site is expected to attract interest from many buyers including sovereign wealth funds, institutional investors and wealthy individuals.
A buyer is being sought for a longstanding contract manufacturing group after it fell into administration. The company is particularly known for its electromechanical precious metal contacts for critical applications. Offers are invited as soon as po...
This opportunity presents a well-established legal practice in West London, primarily focused on criminal law, including specialisations in extradition and prison law, with a low professional indemnity insurance premium.
This East Sussex practice offers a robust and diverse portfolio, with a strong emphasis on residential conveyancing, providing a consistent stream of revenue and excellent profitability.
|
13
|
|
Jan
|
UK administrations update: January 6 - 12 | ADMINISTRATION
Since our last update, the following businesses have been co...
|
13
|
|
Jan
|
Workplace safety firm acquired by new PE owner | BUSINESS SALE
Peoplesafe, a Surrey-headquartered workplace safety provider...
|
12
|
|
Jan
|
Cooper Parry passes £250m turnover with latest acquisition | BUSINESS SALE
Accounting firm Cooper Parry has completed its eighth acquis...
|
13
|
|
Jan
|
Workplace safety firm acquired by new PE owner | BUSINESS SALE
Peoplesafe, a Surrey-headquartered workplace safety provider...
|
13
|
|
Jan
|
UK administrations update: January 6 - 12 | ADMINISTRATION
Since our last update, the following businesses have been co...
|
12
|
|
Jan
|
Yorkshire insurance broker acquired by Specialist Risk Group | BUSINESS SALE
Kennett Insurance & Risk Management, a Yorkshire-based insur...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.