Dominic Wright, chief executive of property investment management company Riverside Capital, says that overseas investors buying UK commercial property need to beware of the traps that may exist.
Overseas investors looking to buy into the UK commercial property market are entering an extremely popular market and without proper knowledge and guidance they can find their investments have not been best placed.
View More
Connection Capital and Riverside Capital today announce the acquisition of a prime site convenience store and petrol filling station in Sittingbourne, Kent. The property is currently let to Somerfield Stores and includes a full parent guarantee provided by Co-operative Group Food Limited. The lease expires in 2028, therefore providing 15 years of secure unbroken income from an undoubted tenant covenant.
View More
Riverside Capital, the property portfolio management and investment business has completed its seventh off-market acquisition for the Channel Islands Property Fund.
Carey House is a 26,472 sq. ft. Grade A property in St. Peter Port, Guernsey and is fully let to Carey Olsen, a leading offshore law firm on a lease with 14 years unexpired with no breaks. The passing rent is £1,143,770 and the purchase price of £16,750,000 reflects a net initial yield of 6.7%.
View More
Connection Capital and Riverside Capital today announce the acquisition of the Cresta Court Hotel in Altrincham. The purchase of this landmark 140-bedroom hotel also includes the operating company, Harrop Hotels Limited.
The total purchase price for the freehold hotel and operational company was £2.95m, with further funds earmarked for a refurbishment of the hotel. Connection Capital clients have invested £2.05m of equity.
View More
Riverside Capital have announced the acquisition of Pure Gym, Wandsworth Road in London SW8. The total purchase price for the new 999 year headlease at a peppercorn rent was £2.55m reflecting a Net Initial Yield of 7.78%.
Connection Capital clients have invested £1.55m of equity. RBS is providing a further £1.4m as a loan facility. Riverside Capital’s Ashley Wilcox acted as investment advisor for the acquisition and will monitor the investment going forward.
View More
Riverside Capital, the independent property investor and asset manager has appointed Robert Hannington as a non-executive director to the group Board effective immediately, joining co-founders, Andy Taylor and Dominic Wright and recently appointed Rick Abbott. He will also chair the firm’s investment committee.
View More
Connection Capital and Riverside Capital have acquired a newly constructed logistics warehouse let to GeoPost in Warth Park, Raunds, Northamptonshire.
The total purchase price for the freehold was £4.73m reflecting a net initial yield of 7.29%. Connection Capital clients have invested £2.40m of equity. Santander is providing a further £2.83m as a loan facility. Riverside Capital’s Ashley Wilcox acted as advisor for the acquisition and will monitor the investment going forward.
View More
Riverside Capital, the property portfolio management and investment business, has completed on the £15m sale of its Ground Rents Portfolio, reflecting a 67.6% uplift in value since purchase in 2010.
In a joint venture deal with private equity partners, Connection Capital, the portfolio was originally purchased for £8.95m. Clients invested £3.45m equity alongside a £5.5m debt facility from NatWest.
View More
Riverside Capital and Connection Capital together with the Cubic Property Fund which is listed in the Channel Islands,have acquired an 81.86% stake in Merchant Property Unit Trust “IMPUT”, which owns a portfolio of 35 trade park units in the UK that are let to building merchants Travis Perkins. The remaining minority stake is held by Travis Perkins and Colliers International.
Connection Capital clients have invested £5.8m of equity with the balance of £6.5m provided by the Cubic Property Fund. Senior debt of £21.695m was made available by Royal Bank of Scotland to refinance the portfolio, arranged for Riverside Capital by Altea Partners.
View More
Property investment and asset management company, Riverside Capital, together with its private equity partners, Connection Capital, today announce the acquisition of a purpose-built Virgin Active health and fitness club located in the heart of Derby.
The opportunity to acquire the property was introduced by Riverside Capital to Connection Capital – investor network, which comprises more than 750 private investors and family offices.
View More
