Carrick Real Estate completes first year with £100m deals

In a highly successful first year in business, we have reported the completion over £100 million of investment transactions. 70% of the 21 investment transactions were successfully completed off-market. Over the last 12 months, we have undertaken a range of investment acquisitions and disposals for clients including CDP Marshall, CBRE Global Investors, BMO, LCP, NWTC, Northwood, Orbit, Ribston, Savills IM and Wrather & Co. Steve Carrick commented: “Since our launch last October, we have been solely focused on our clients and providing them with a boutique service. We have a deep understanding of their requirements and focus on a limited [...]

2018-11-09T11:38:51+00:00October 31st, 2018|News|

Carrick reacts to strong NW Investment market

We have just sold a unit at Cinnabar Court, Daresbury Park, Warrington, on behalf of our client, a charitable trust. The investment sale achieved a value of £1.385m, reflecting a Net Initial Yield of 7.23%. Unit Three Cinnabar Court, which is fully let to Greensill Capital UK for a further eight years, has been sold to a new private investor represented by Commercial Properties. Located within the well-established Daresbury Park, the unit at Cinnabar Court provides Grade A open-plan office accommodation, totaling 6,072 sq ft over two floors. The asset also includes 30 car parking spaces. Speaking about the investment [...]

2018-11-09T11:33:33+00:00August 30th, 2018|News|

Carrick leads Altrincham’s sale and leaseback deal

Acting on behalf of Savills Investment Management, we have just acquired and leased back Lookers Plc’s headquarters in Altrincham, South Manchester, in an off-market transaction reflecting a Net Initial Yield (NIY) of 6.68%. Lookers House, situated at 3 Etchells Road just off the A56 Manchester Road, was acquired from Lookers PLC, and new lease terms agreed with Lookers plc on 15 years with a 10-year break. The self-contained building totals 21,000 sq ft over three storeys and has recently been refurbished to a high specification. The building has 87 car parking spaces, at a ratio of 1:242 sq ft. Steve Carrick said: [...]

2018-08-09T12:23:13+00:00August 9th, 2018|News|

Speculative Liverpool investment opportunity acquired for FCPT

Acting on behalf of F&C Commercial Property Trust, which is managed by BMO Real Estate Partners, we secured a significant Liverpool industrial investment opportunity, at a total value of £5.08m. The Trust acquired Hurricane 47 at Estuary Business Park, which includes a 47,462 sq ft speculatively developed distribution facility, and an additional 3.6-acre adjoining plot with planning consent for the construction of a 52,500 sq ft warehouse. FCPT’s Fund manager Richard Kirby said: "This acquisition reinforces our position and confidence in Estuary Business Park, following our earlier acquisition of the adjacent warehouse property let to Adient Seating in May 2014. [...]

2018-07-24T10:48:01+00:00July 24th, 2018|News|

Off-market deal brings Pure Offices to South Manchester

We’re pleased to bring Pure Offices’ national serviced office operations to Manchester following an off-market acquisition of 3400 Lakeside, Cheadle Royal Business Park, Cheadle, on their behalf. Acquired from Target Real Estate, the deal marks the operator’s 21st serviced office to open in the UK since its inception in 2007. Pure Offices will commence a comprehensive £1.9m fit out of the 36,479 sq ft, three-storey office building at the prominent south Manchester business park, which is due to be completed in Autumn 2018. Providing contemporary suites ranging in size from 100 sq ft up to 3,000, the accommodation will be let on flexible rolling monthly contracts, including broadband and a telephone. Lakeside 3400 provisions will include meeting rooms and amenity areas with business lounges, phone booths, and external seating. Located at [...]

2018-07-11T14:52:30+00:00July 11th, 2018|News|