Fri, 07 Feb 2014 | COMMERCIAL PROPERTY
A set of DFS retail warehouse and manufacturing assets have been placed on the market by LondonMetric Property, after its purchase of a 27-strong DFS property portfolio at the end of last year.
The assets for sale are four retail warehouses and three warehouse and manufacturing units, let to DFS Trading, and have over 16 years left on the leases. DFS stores in Scunthorpe, Doncaster, Matlock and Hull, are included, along with a warehouse in Doncaster and two manufacturing sites in Alfreton and Doncaster.
LondonMetric paid £175 million for the properties used by the sofa retailer from the administrators to Delphi Properties, which had purchased the portfolio in a sale and leaseback arrangement in 2005.
The portfolio for sale, which is being marketed through Savills and Allsop, is made up of five freeholds and two leaseholds, with a total rent of £2.3 million, and encompasses over 279,561 sq. ft. of space.
LondonMetric has certainly been busy recently. It embarked on an ‘intense level’ of investment in the last quarter of 2013, buying up £201.9 million worth of properties and making £129.7 million of disposals.
In amongst other buys it has newly snapped up a Royal Mail distribution centre in Daventry for £36 million and paid £13 million for Superdrug’s distribution centre in Doncaster and several ‘out of town’ cinema complexes.
________________________________________________________________________
Related information:
Buy a business
UK commercial property investments set for boost
This is an opportunity to acquire the shares, business and/or assets of an electrophoretic and powder coating specialist located within the North East of England. Indicative proposals, supported by proof of funding, are accepted by no later than 4pm...
This unique holiday accommodation business offers distinctive, design-led stays on over 15 acres of private land, complete with exceptional amenities and a residential property. With a strong occupancy rate of over 90% and excellent guest reviews, it...
FREEHOLD
This exceptional opportunity allows you to acquire a leading UK business in pneumatic tube systems for healthcare, boasting exclusive distribution rights and strong client retention through multi-year service agreements.
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.