MKS / MAY 2017 /
21
POSITIVE ASSET MANAGEMENT CREATING GROWTH
Wimbledon Gate, SW19
(58,690 sq ft)
• 2006 development by McKay
• £28psf to £43psf
• Feb 2016 rent review settled
• 51.9% increase (£0.80mpa) in passsing rent to £2.43m pa
• 13.7% over ERV
Valuation surplus ERV increase
Gainsborough House, Windsor
(18,660 sq ft)
• Purchased July 2014
• 10 year lease extension completed March 2017
• 12.3% increase (£0.06mpa) in passing rent to £0.57mpa
• 3.3% over ERV
One Crown Square, Woking
(50,735 sq ft)
• Repositioned with improved common areas
• Refurbishment of 5th and 6th floors completed
• 6th floor pre-let – whole
• 5th floor fully multi let
13.2%
17.3%
17.0%
13.2%
3.3%
8.6%
September 2014
Acquisition:
Station Plaza,
Theale
Headline:
£8.4m
Yield:
10.1% initial
October 2014
Acquisition:
The Planets,
Woking
Headline:
£8.8m
Yield:
6.9% initial
April 2015
Acquisition:
Brunel Road,
Theale
Headline:
£
Yield:
%
July 2014
Acquisition:
Gainsborough House,
Windsor
Headline:
£6.9m
Yield:
7.1% initial
