Colliers Capital News

Acting on behalf of Leicestershire County Council Pension Fund, Colliers Capital has purchased the Travelodge Hotel on Market Link in Romford for a sum of £4.76 million. The hotel is let to Travelodge Hotels Ltd for an unexpired term of 32 years with 5 yearly rent review linked to the greater or open market rent or RPI.

Acting on behalf of Staffordshire County Council Pension Fund, Colliers Capital has purchased the freehold foodstore investment of the Morrisons food store in Dover for a sum of £17.26 million. The newly refurbished property is situated on Bridge Street at the northern end of the High Street. The property is let to Wm Morrisons Supermarkets for 35 years.

Acting on behalf of Staffordshire County Council Pension Fund, Colliers Capital has recently purchased the freehold interest of Killingbeck Retail Park in Leeds for a sum of £19.57 million. The property is located on the north side of the A64, linking the outer ring road to the city centre. The estate comprises 4 units let to Carpetright, Comet and B&Q. The planning consent is largely open A1 non food.

In line with Colliers Capital’s proposal to launch a Scandinavian property fund we have, in partnership with Colliers Norway and other third party investors, built up a seed portfolio in Scandinavia. The investment strategy has been to acquire commercial real estate at yields of 7%+, which offer future value enhancement through active asset management.