Redevco Portfolio

Staunton Whiteman successfully provided strategic investment advice to Redevco on their acquisition of a portfolio of 16 retail warehouse parks and solus units from M7 Real Estate's Box + III vehicle. The portfolio had a total value of £520 million and comprises 2.1 million sq ft of gross retail accomodation. The total passing rent is £31.5m showing £15psf overall.

The Schemes are:

• Euro Retail Park, Ipswich
• Hailsham Retail Park, Hailsham
• Weston Retail park, Weston-Super-Mare
• Imperial Retail Park, Gravesend
• St Peter's Wharf Retail Park, Maidstone
• Pompey Centre, Portsmouth
• Chelmer Village Retail Park, Chelmsford
• Bolton Gate Retail Park, Bolton
• West One Retail Park, Eccles
• B&M & Hobbycraft, Tunbridge Wells
• Gapton Hall Retail Park, Great Yarmouth
• Halfords & Homebase, Staines
• Homebase, Colchester
• Neats Court Retail Park, Queensborough
• Poole Retail Park, Poole
• Parc Pemberton Retail Park, Llanelli

The portfolio offers a number of opportunities to enhance value through active asset management. At £520 million, the portfolio is the second largest portfolio of retail warehouse parks to have traded in the UK.

Press releases can be found here:

Green Street; Article 1, Article 2
Completely Retail
Retail Week
Redevco
CoStar