Albermarle has acquired over £100 million of real estate in the UK. Our track record covers all property types nationally, from single property to large portfolios with many assets. We identify tailored investments for our clients; carry out due diligence; and support all phases of the transaction.
Pier House, London, W4
This Freehold, 220,000 sq ft property was purchased on behalf of an overseas client in 2016. A strategy to comprehensively refurbish it was undertaken and on completion we were instructed to seek a tenant. During the marketing process, a UK plc made an offer to purchase the Freehold which our client accepted.
12 old street, london, ec1
Freehold office building acquired for an overseas private client in 2018. We agreed a strategy for acquisition and refurbishment in order to re let the property for a long term hold. Initially leased back to the vendor for a period of 12 months, then following a change in our client’s strategy due to market conditions, Albermarle is now instructed to remarket the vacant property for sale.
Price: £8,500,000
Net internal area: 8,162 sq. ft.
Gross internal area: 10,176 sq. ft.
renslade house, exeter, ex4
Our client purchased the Freehold interest in this office building and obtained planning consent for a mixed use residential, student accommodation and hotel development. Albermarle secured a development funding agreement with a major London-based hotel investor-operator.
Price: £11,500,000
Number of keys: 103
Completion and handover: Late 2019
Student housing, st luke’s terrace, glasgow
Acquired for an overseas private client. A purpose-built student accommodation building leased to the Management board of City of Glasgow College of Nautical Studies (expected 2035), with 18 years unexpired at the time of purchase. Albermarle was also responsible for agreeing contracts with a team of consultants and builders to undertake a full refurbishment programme.
Price paid: £7,300,000
Number of beds: 204
Yield: 7.5%
Rent reviews: Upwards only at 2% per annum
beacon house, wimbledon
Capital Value: £5,800,000
Capital Value (per sq ft): £475
137-143 notting hill gate, w11
MWULT to Expiry (to Break): Part VP/11 years
Rent (per sq ft): £205,000
Capital Value: £8,300,000
Net Initial Yield: 2.3%
Capital Value (per sq ft): £780