BURLINGTON PARTNERS NEWS

Top 15 Single Branch Investment Agency – Acquisition Agent – Q4 2014
Having acquired a total of £54m on behalf of our clients in Q4 2014, Burlington Partners are very proud to announce that we have made Costar’s Investment Agents League Tables. We hope for continued success throughout 2015…!
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Date: February 2015

Another Soho purchase
On behalf of private clients, Burlington Partners have acquired the long leasehold interest in 40 Beak Street in Soho, London, W1. The building was purchased with full vacant possession and offers significant re-development potential.
Date: January 2015

Angel Delight……!
On behalf of private clients, Burlington Partners have sold a prime mixed-use freehold investment in Angel, London N1 to a private purchaser at a price in excess of our guide price. A full marketing campaign was carried out and the building attracted considerable interest from a wide range of investors.
Date: November 2014

Prime Southwark Off-Market Acquisition
Burlington Partners have acquired a a characterful former warehouse building situated in a prime Southwark location moments away from the vibrant Borough Market. Providing a total NIA of 19,098 sq ft, the building offers a combination combination of secure long-dated income and numerous development, asset management and refurbishment opportunities. Purchased on an off-market basis for private clients at a price of £10m reflecting a capital value of £524 psf.
Date: November 2014

Clerkenwell Portfolio acquired
We are delighted to have acquired a portfolio of 3 office and mixed-use converted warehouses in Clerkenwell, London EC1 on behalf of private clients at a price of £23.25m reflecting a capital value of £595 psf. Totalling 39,089 sq ft, 104-110 Goswell Road, 77 Bastwick Street and 15-27 Gee Street will provide future opportunities for active asset management, including re-gearing, rent reviews, lease renewals and re-lettings.
Date: October 2014

Busy Summer at Burlington HQ!
Following a very busy June & July, we are delighted to have carried out a further 3 transactions in August on behalf of our clients. These include the sale of 4 Blenheim Terrace, St John’s Wood, London NW8 and the acquisition of 34 Drayton Park, Islingon, London N5, and The Fitzpatrick Building, 188 York Way, London N7. Please click on each property for further info.
Date: August 2014

The Princess of Shoreditch
We are delighted to announce another pub investment acquisition in the heart of Shoreditch on behalf of private clients. The Princess of Shoreditch is an award winning gastro pub and is situated on a prominent corner location on Paul Street and Willow Street. The investment benefits from a long-dated income stream for a further 31 years to Enterprise Inns PLC. Further information can be found here.
Date: July 2014

Hackney Wick development site acquired!
In a part of London which is highly sought-after amongst investors and developers, Burlington Partners identified and advised private clients on a substantial site moments from Hackney Wick underground station. Another off-market acquisition, the site at 54 White Post Lane currently comprises a light industrial/warehouse and fully fitted food processing facility totalling 32,000 sq ft, and has scope for a major redevelopment scheme, subject to obtaining the necessary consents. Further information can be found here.
Date: July 2014

Another successful investment sale
We are delighted to confirm the sale of our clients freehold interest in 175-185 Grays Inn Road, London WC1 at a price of £6.3m reflecting a capital value of £641 psf. Further information can be found here.
Date: July 2014

Characterful office building acquired in Kentish Town
Situated less than four miles north of central London, Kentish Town was once famous for its piano makers, who left a legacy of Victorian warehouses that are now finding new uses. Burlington Partners most recent acquisition on behalf of private clients was that of Imperial Works – originally a Victorian piano factory, but now currently arranged as multi-let offices measuring 17,375 sq ft and income-producing on short term leases. Our clients vision is to transform this imposing and characterful building to residential, subject to obtaining the necessary consents. Further information can be found here.
Date: June 2014

Acquisition of prime Soho mixed-use building
Acting on behalf of our clients’ – Shaftesbury PLC, we are delighted to confirm the acquisition of Jaeger House, 57 Broadwick Street, London W1 at a purchase price of £30.75m. This prime Soho mixed-use building is situated adjacent to the world-renowned Carnaby Street, and lies on the eastern boundary of our clients’ 4.1 acre holding in Carnaby and close to its growing estate in Soho, which now extends to 1.1 acres. The building comprises 24,909 sq ft of office and retail accommodation, plus 37 residential units and 37 basement car parking spaces. The entire office element is single let to Jaeger as their London HQ, whilst the retail unit is let to Comptoir Libanais with leases expiring in June 2015 and with mutual options to break subject to 9 months prior notice. The residential units are all sold off on long leases. The building benefits from numerous asset management opportunities including the potential to increase and reconfigure the existing accommodation and introduce alternative planning uses, subject to obtaining the necessary consents. Further information can be found here.
Date: March 2014

Burlington ExCeL in E16
We are pleased to confirm the sale of 14 Western Gateway, Royal Victoria Docks, London E16 1BP on behalf of private clients. This multi-let retail investment, located a few hundred yards from ExCeL Exhibition Centre, was purchased by an overseas trust at a price of £1.155m reflecting a Net Initial Yield of 8.56% (after the deduction of full purchasing costs). The price achieved was in excess of our guide. Further information can be found here.
Date: January 2014

Burlington continue deal flow with river front acquisition…
On behalf of private developer clients, Burlington Partners, in association with Philip Morris Property Consultants Ltd, have acquired a truly superb site fronting the river Thames in Fulham, London W6.

Palace Wharf on Rainville Road is currently being used as artists studios and benefits from a detailed residential planning consent for 27 units comprising 5 x3 bedroom town houses, 7 x1 bedroom apartments, 13 x2 bedroom apartments and 2 x3 bedroom apartments. The site is located within the Crabtree Conservation Area and lies adjacent to the iconic Crabtree Public House. Further information can be found here.
Date: November 2013

Grimaldi sold…
We are delighted to confirm the sale of our clients long leasehold interest in The Grimaldi Building, 154a Pentonville Reoad, London N1 at a price of £5.7m. This reflects a Net Initial Yield of 7.43% and capital value of £365 psf. Further information can be found here.
Date: November 2013

Acquisition of 60-70 Ironmonger Row, London EC1
The above mixed use building was acquired off-market on behalf of private clients for a price of £6.825m stc. The building is arranged over six storey’s and comprises multi-let offices on ground and basement, with 14 apartments above. Further information can be found here.
Date: October 2013

A quick turnaround on Old Street…
Following the acquisition of 140 Old Street, London EC1 on behalf of private clients in April 2012 for £4.4m, Burlington Partners have sold the building on an off-market basis to a private property company for £5.85m. Further information can be found here.
Date: September 2013

New team member
We are delighted to announce the appointment of George Collins to the team as an Investment Surveyor. George will be assisting the team in all areas of investment disposals and acquisitions. Further information can be found here.
Date: September 2013

On the move…
Burlington Partners are delighted to announce their recent office relocation to 45 Maddox Street, London W1S 2PE. Further information can be found here.
Date: July 2013

Burlington Partners instructed to sell The Grimaldi Building, 154a Pentonville Road, King’s Cross, London N1
On behalf of private clients, Burlington Partners have been instructed to sell The Grimaldi Building, 154a Pentonville Road, King’s Cross, London N1 and are seeking offers in excess of £6.5m stc. A purchase at this level would reflect a Net Initial Yield of 6.51% and a Reversionary Yield of 7.55% after the deduction of the ground rent and full purchasing costs of 5.80%. and a capital value of £416 psf. The Grimaldi Building is a highly characterful newly refurbished office building totalling 15,636 sq ft, is single let for a further 8.10 years and let off a low overall passing rent of £30.70 psf. For further info, please click here to take you to our Current Sales.
Date: April 2013

Sale of 80 Clerkenwell Road, London EC1
Burlington Partners are delighted to confirm the sale of 80 Clerkenwell Road, London EC1 to a UK based private property company at a price of £5m reflecting a Net Initial Yield of 5.11% after the deduction of full purchasing costs of 5.80%, and a capital value of £457 psf. Further information can be found here.
Date: March 2013

Convenience Store Investment in Chichester Sold
On behalf of private clients, Burlington Partners are pleased to confirm the sale of the former Hope public house in Chichester, West Sussex. The investment comprised a convenience store on ground floor let to Southern Co-Operatives Ltd on a new 15 year unbroken lease, with two x2 bed flats above. The property was bought by private investors at a price of £1m reflecting a Net Initial Yield of 6.14% after the deduction of full purchasing costs of 5.80%. Further information can be found here.
Date: March 2013

Acquisition of 50-52 Paul Street, London EC2
On behalf of a private property company and in a joint agency capacity with Hatton Real Estate, Burlington Partners have acquired 50-52 Paul Street in Shoreditch, London EC2. Totalling 24,600 sq ft arranged over six storey’s, the building is situated in a prominent corner position at the junction of Paul Street and Luke Street. Held freehold, the building was purchased for £9.25m which reflects a Net Initial Yield of 6.30% after the deduction of full purchasing costs of 5.80%, and a capital value of £376 psf. Further information can be found here.
Date: February 2013

Former warehouse building acquired in Clerkenwell, EC1 for mixed-use redevelopment
Burlington Partners have recently acquired 23-27 Hatton Wall, London EC1 on behalf of private clients. This highly attractive former warehouse building is situated in the heart of Clerkenwell on the south side of Hatton Wall close to the junction with Hatton Garden, and benefits from a mixed-use planning consent comprising offices and residential with a GDV in excess of £4m. The building was purchased with full vacant possession and is held freehold. Further information can be found here.
Date: February 2013

imageBurlington Partners announced as winners of the Young Norwood Property Company of the Year 2013
We are delighted to have received this award from Norwood and thank everyone for their support. We look forward to building upon this success in the future. Further information can be found here.
Date: February 2013

Sale of 130 City Road, London EC1
Following a full marketing campaign and a number of formal proposals, we are delighted to confirm the sale of 130 City Road, London EC1 to a private property company at a price of £3.57m reflecting a Net Initial Yield of 5.44% after the deduction of full purchasing costs of 5.80%, and a capital value of £274 psf. This level exceeded our guide price by 10%. Further information can be found here.
Date: February 2013

Acquisition of prime high street retail investment in Portsmouth
Burlington Partners are pleased to confirm the recent acquisition of 150 Commercial Road, Portsmouth, PO1 1EX on behalf of private clients. Held freehold, the property is single let on a 10 year unbroken FR&I lease to The Carphone Warehouse Ltd (5A1 covenant) at a re-based 2012 rent, thereby providing good prospects for future rental growth. Situated in Portsmouth’s 100% retail pitch, the property was acquired for £1.975m reflecting a Net Initial Yield of 6.94% after the deduction of full purchasing costs of 5.80%. Further information can be found here.
Date: February 2013

Burlington Partners shortlisted for the Young Norwood Property Company of the Year
We are delighted to announce that we have been shortlisted for Property Company of the Year for the Young Norwood Property Awards, which is to be held on 18th February 2013 at the London Hilton Metropole. We are extremely proud to have received the nominations we have to enable us to be shortlisted for this award. Further information can be found here.
Date: February 2013

Burlington Partners instructed to sell two out-of-town convenience store investments
On behalf of private clients, Burlington Partners have been instructed to sell two out of-town convenience store investments. One of which is a freehold mixed-use building situated in the Cathedral City of Chichester, West Sussex with a new 15 year term certain lease to the strong covenant of Southern Co-Operatives Ltd with CPI-linked rent reviews. The other, is a freehold former public house situated in the picturesque town of Hythe, Hampshire and let on a new 20 year term to Tesco Stores Ltd with RPI-linked reviews. For further information, please click here or contact Adam Velleman. Further information can be found here.
Date: January 2013

Burlington Partners instructed to sell two prime EC1 investment opportunities
In a joint agency capacity with Pilcher Hershman, Burlington Partners are delighted to announce that they have been instructed to sell two Central London investment opportunities – a multi-let freehold office building at 130 City Road, London EC1, and a single-let freehold office building at 80 Clerkenwell Road, London EC1. Both assets are highly reversionary and offer considerable scope to enhance value by way of either refurbishment or potential to obtain a change of use, subject to obtaining the necessary consents. For further info, please click here to take you to our Current Sales.
Date: October 2012

Huge appetite for Prime Central London Residential
Following the recent purchase of 36-37 Furnival Street, London EC4 on behalf of private clients, Burlington Partners are continually seeking similar opportunities within prime Central London. 36-37 Furnival Street, London EC4 has the benefit of full planning consent for 9 private apartments and construction works will be starting on-site imminently. Further information can be found here.
Date: October 2012

‘Draught’ details of Burlington Partners latest acquisition
Burlington Partners have carried out yet another off-market transaction, acquiring The Nelson’s Retreat Public House at Old Street Roundabout on behalf of private clients for £1.65m. The property is currently tenanted and has significant redevelopment potential. The immediate surrounding area in and around Old Street Roundabout and Underground Station is seeing a constant transformation and is a huge growth area within London. Further information can be found here.
Date: September 2012

Burlington Partners reach the summit…
In an off-market transaction, Burlington Partners represented a private property company in the forward purchase of 10 private apartments at Central Square in Clerkenwell, London EC1, for a total consideration of £4.852m directly from the developers, Mount Anvil. Central Square is an outstanding new luxury development comprising of 170 private homes within the fashionable and vibrant Clerkenwell. Further similar opportunities are sought. Please click here for a detailed description of our requirement. Further information can be found here.
Date: September 2012

Burlington Partners on a roll…
Burlington Partners are delighted to have concluded the purchase of Marlborough Court, 14-18 Holborn, London EC4 on behalf of an overseas private family trust for a price of £12.61m. This highly prominent and well-positioned mixed use property conveniently located adjacent to Chancery Lane Underground Station, was acquired from the Prudential Staff Pensions Limited (c / o PRUPIM) and provides the opportunity to carry out a comprehensive Grade A office refurbishment totalling approx. 18,000 sq ft, whilst offering secure income on the retail for a further 10 years from the well-known sushi chain – Wasabi, and Fuller’s. Further information can be found here.
Date: August 2012

Burlington Partners Kick Start with a Double Bang!
Burlington Partners have concluded their first two transactions, having acquired 140 Old Street, London EC1 on behalf of private clients for a price of £4.4m reflecting a Net Initial Yield of 7.29%, along with the disposal of 17 Charing Cross Road, London WC2 on behalf of private clients for a price of £3m.
140 Old Street was acquired from an institutional investor, whilst 17 Charing Cross Road was sold to a private investor. Both transactions were carried out off-market. Further information can be found here.
Date: February 2012