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
The wholesale business has an established trading history and has built up a strong reputation and a loyal customer base. Business is drawn from a wide demographic of clients with a good spread across different business sectors.
This is a unique opportunity to acquire a company specialising in luxury performance cycle clothing, utilising the finest specialist fabrics and cutting-edge construction techniques.
A leading internet-based provider of customisable and curated beauty box services. Over the last decade, the business has evolved from a premier subscription service to a leading internet-based provider of highly attractive and rapidly expanding beau...
WEB-BASED
11
|
Jul
|
Holiday letting agency acquires Cornish self-catering holiday specialist | BUSINESS SALE
Travel Chapter, a leading UK holiday letting agency, has ann...
11
|
Jul
|
Power services firm set to be acquired by US energy resilience group | BUSINESS SALE
The Wilmott Group Limited, a power services group with opera...
11
|
Jul
|
Dunfermline vehicle manufacturing services firm enters administration | ADMINISTRATION
A specialist manufacturing business based in Dunfermline has...
27
|
Aug
|
DFS agrees sale of The Sofa Workshop to Halo Furnishings | BUSINESS SALE
Furniture retailer DFS has agreed a deal to sell its subsidi...
11
|
Jun
|
Upholstery chain falls into administration | ADMINISTRATION
Fabb Sofas, the furniture retailer founded in 2016 by billio...
03
|
Aug
|
DFS acquires fellow sofa retailer | BUSINESS SALE
The UK furniture retailer DFS has made a deal to acquire Sof...
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.