PROPERTY INVESTMENT
Savoy Stewart offer a comprehensive commercial property investment service, satisfying the needs of our clients who range from institutions and property companies to high net worth individuals and overseas trusts.
Our service includes all aspects of sales and acquisitions, advice on raising of finance by way of short or long term borrowing. We have over 60 years combined experience dealing in retail, office, industrial and leisure property throughout the UK.
The investment team offer the following:
- Proven 20 year track record in buying and selling of investment property
- Full marketing and sales advice on disposals to maximise value
- Impartial guidance on acquisitions
- Identifying acquisition opportunities
- Advice to UK investors and property companies overseas investors private trusts and high net worth individuals.
- Unbiased appraisals and expert advice.
TomTom Software LTD
Millions of people around the world depend on TomTom. Best known for being a global leader in navigation and mapping products, TomTom also creates GPS sports watches, as well as state-of-the-art fleet management solutions and industry-leading location-based products.
TomTom has grown from a Dutch based start-up company into a multi-national, global brand. The original founders remain committed to the business and together with the 4,000 employees are focused on the helping people achieve their goals.
Tom Tom software were located in a small office on Euston Road.
Their brief for a new office was that it had to offer something that was appropriate for a corporate head quarters and be within walking distance from Euston Station.
Using our extensive market knowledge, we contacted the landlords of all of the properties in the vicinity to ascertain what they had available.
A number of properties were identified, inspected and considered including a floor in the old Capital Radio Tower on Euston Road.
The property was acquired without ever coming to the open market as the landlords were keen to have Tom Tom as thier tenants.
The floor that was taken was the 20th floor and comprised just over 10,000 sq ft
London & Cambridge Properties
Using our extensive network of agency connections we managed to source an off market newly constructed retail parade, ideally located in a new housing estate close Cambridge.
We introduced the proposal to LCP and agreed a purchase price of £1.519m. The investment was producing a total income £144,634 pa.
The transaction was carried out off market.
Weather Hill Holdings Limited
Acting on behalf of a substantial private property company we were instructed on a 46,000 sq. ft. office building in Hemel Hempstead which we acquired for the client in 2008 as a multi let income producing deal.
Having obtained pre application consent for 65 flats we then advised on the likely re-sale values having investigated the residential market.
Detailed particulars were prepared and under clients instruction the property was quietly marketed to parties identified by Savoy Stewart. A sale was then agreed to a Middle East consortium that purchased the Freehold interest for £3.850m. Savoy Stewart liaised with the client, purchaser and architect who were involved with the scheme to ensure the smooth running of the transaction.
McColl's
McColl's are the largest private convenience store operator in the UK with over 1,200 stores.
After a number of face to face meetings with the operator, we introduced a long standing client who is now their preferred investor on their freehold acquisitions throughout England and Wales.
We advise on the acquisition of the various stores for our purchaser and have acted on a number of sales mainly to local SIPP investors.
In the last four years, we have acted on approximately 100 transactions with a value in excess of £30 million.
Union Investments and Development Ltd
Union Investments are a Middle East based Investment Company who were introduced to us through one of our many solicitor contacts.
After understanding our client’s specific requirements we fully investigated the investment market and subsequently analysing a number of possibilities, we introduced the client to a headquarter office building in Liverpool occupied by Hill Dickinson.
Having inspected the building and met with the tenant we negotiated a purchase for our client having convinced the vendor to proceed with our private client in completion with Deutche Bank.
The purchase was completed within six weeks with a price for the asset at £31 million.
Travis Perkins
Savoy Stewart acting on behalf of a private high net worth individual advised on the acquisition of 2 trade counter investments let to Travis Perkins (Properties) Ltd.
The two properties were part of portfolio of Sale & Leasebacks being sold by Travis Perkins Plc.
Travis Perkins agreed to take 30 year leases on both properties subject to 5 yearly upward only rent reviews linked to the all items retail price index, subject to a minimum increase of 2% and maximum of 4% at a total rental of £148,100 per annum.
Magnet
Magnet Trade occupied 344,000 sq ft of industrial buildings on a 12 acre site in Keighley Yorkshire and sought to affect a sale & leaseback. We introduced a Bermudan Fund who agreed to purchase the freehold interest for £13 million off a commencing rental of £965,000pa and subject to annual fixed uplifts. The lease was for a 10 year term with a tenant’s option to break after the 6th year but subject to a £750,000 rent penalty. The deal had to be concluded quickly and the purchaser moved to an exchange of contracts within 10 days of receiving the legal papers.
