Track record
Investment acquisition, Basingstoke
CBRE Global Investors
Identified a semi off market foodstore opportunity for a longstanding client
Investment
Service
£33M
Project value
Retail & Leisure
Industry
The project
Rapleys Investment team identified a semi off market foodstore opportunity for a longstanding client with requirements for an asset in the sector with a long lease and index linked rent reviews. Asda Basingstoke provided in excess of 20 years with 5 yearly RPI rent reviews compounded annually with a 1% and 3% collar and cap.
Basingstoke provided the right criteria for the fund and we put the property under offer quickly. The team provided all the necessary information and comparable evidence for the Fund to make an offer, which was accepted and the deal was put into legals. Following inspections, alternative use valuations and after carrying out all legal due diligence, including confirmation of the new freehold boundary, negotiating rights of access over common parts, car parking rights and a service charge contribution, the acquisition was successful.
Our solution
- Sourced the opportunity
- Identified and engaged a suitable purchaser
- Inspected the property and carried out all due diligence
- Oversaw the legal process of carving out a new freehold
- Successful investment acquisition
Our track record
Stadium Holdings Ltd
1 Olympic Way, Wembley
Neighbourly Matters advice for a 7-storey extension to provide student accommodation
104-106 East Street, Southampton
Delivery of commercial and market-led viability advice to support the successful completion of a stalled development.
Yorkshire Housing
12,000 Stock Condition Surveys – Yorkshire Housing
Appointed by Yorkshire Housing via the Fusion21 Framework to complete 12,000 stock condition surveys over a 3-year period
Private Client
33 Beach Road West, Portishead, Bristol
Acting for the Building Owner to enable the redevelopment of a dilapidated residential site
37-42 Tenby Street and 30-31 Albion Street, Birmingham
Expert Party Wall advice to protect adjoining owners’ interests
Kruton No. 2
9-12 Middle Street, Brighton
Appointed as Employer’s Agent on new build commercial project.
Kwik Fit
Acquisition for Kwik Fit, Atex Business Park, Stowmarket
Instructed by Kwik Fit as national retained acquisition agents
Bernard Construction
Affordable housing provisions for a mixed-use scheme, Balham
Provided a detailed FVA, development advice and affordable housing strategy
Higgins Homes
Affordable Housing valuation for a mixed use scheme, Garratt Lane, Wandsworth
Development Consultancy advice to support a planning application for a mixed use scheme
London and Regional
Albert Island Redevelopment
Providing Cost Management & Quantity Surveying services on an exemplar industrial intensification project