INVESTMENTS

  • Date
    6 July 2017
    A retail backed investment fund purchased the Radisson Blu, a five-star hotel in Glasgow located on Argyle Street next to the Central Station. The hotel has 247 rooms and suites as well as some of the best conferencing facilities in Glasgow able to hold up to 800 people. The freehold building was purchased for £73m which included the hotel operated under management by Rezidor Hotels and Resort, together with ground floor retail units and a gym. Radisson Blu is part of the global portfolio of the Carlson Rezidor Hotel Group.
  • Date
    6 July 2017
    This retail investor backed property investment was the UK headquarters of insurer Eagle Star at Montpellier Drive in Cheltenham, England and was purchased for £36m. The property was held as an investment asset until being sold to a pension fund at a significant uplift in capital value for investors and promoters. Eagle Star Insurance was a leading British insurance business which underwrote the full range of risks including liability, fire, accident, marine, motor, life, contingency and Pluvius (weather) insurance. Eagle Star is now one of the insurance brands owned by Zurich Financial Services.
  • Date
    6 July 2017
    A retail investor backed property investment of a retail warehouse in Sheffield occupied by B&Q. It was purchased for £24m and held as an investment asset until being sold to an institutional fund manager at a significant uplift in capital value. Sheffield is a large English city in the county of South Yorkshire with a population of 1.6 million in the wider metropolitan area. Sheffield is historically the centre of the UK’s steel industry. B&Q is the UK’s leading home improvement retailer, having its origins as a single furniture store founded by Richard Block and David Quayle. B&Q grew rapidly with additional DIY warehouses across the UK and was later bought by Kingfisher plc.