Newsletter

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24.10.23

59 High Street, Guildford, Surrey

Acting on behalf of Royal London Asset Management, Jackson Criss are pleased to confirm the sale of a prime retail investment let to O2 UK in the highly affluent town of Guildford.

The unit occupies a prime High Street position adjacent to M&S and close to the entrance to White Lion Walk. The property comprises a well configured retail investment, comprising 3,386 sq ft (315 sq m) over ground and two upper floors. The lease was varied in 2021, rebasing the rent and moving the break clause out from April 2023 to April 2027.

For further information please contact Philip Hay or Rhodri Jones.

12.10.23

Happy Socks Arrive In Kingston

Jackson Criss have let a unit at 13-15 Church Street, Kingston. For more information, and to discuss other opportunities within Kingston upon Thames, please contact Jordan Keating on 020 7637 7100.

05.09.23

SOLD! T K Maxx - Woolwich

Jackson Criss, acting jointly with JLL have sold the freehold investment of the TK Maxx in Woolwich on behalf of CBRE Investment Management to a UK property Company.

Contact Philip Hay on 020 7637 7100 for more information.

15.09.23

Jackson Criss welcome Joel Hadfield as a Graduate Surveyor

He joins us after graduating from Nottingham Trent University. Joel will assist the Agency team, dealing with Shopping Centre and High Street Leasing, as well as supporting Partners with retained occupier clients.

He will also work alongside Philip Hay, Jonathan Milburn and John Boissier dealing with investment sales and acquisitions across the UK.

Founded in 1990, Jackson Criss has evolved into one of the UK’s leading independent, niche commercial property practices, providing bespoke, transparent advice to Landlords, Occupiers and Investors from offices in Central London and Edinburgh.

04.09.23

M&S investment sold in Petersfield

on behalf of CBRE Investment Management, Jackson Criss, acting jointly with JLL have sold the M&S Food store in Petersfield to a UK Prop Co.

Contact Philip Hay on 020 7637 7100 for more information.

31.08.23

SOLD!! John Lewis Department Store, Cheltenham

Jackson Criss are delighted to have completed the sale of the John Lewis Department Store and car park investment in Cheltenham on behalf of BlackRock Investment Management.

Contact Philip Hay on 020 7637 7100 for further information.

13.09.23

Two new lettings agreed on Cheltenham High Street

Jackson Criss have let two units at 185-187 to Moss Bros and 189 High Street to Cornish Bakehouse (ex H Samuel).

For more information, contact Adam Rawcliffe on 07968 474 988.

07.07.23

Jackson Criss completes sale of two retail parks on behalf of NewRiver/Pimco JV to Realty Income

Jackson Criss successfully advised NewRiver upon the sale of the two remaining assets (Kittybrewster Retail Park in Aberdeen and Glendoe and Telford Retail Parks in Inverness ) in its 50:50 Napier joint venture with Pimco’s Bravo for £62.955m.

The disposal comprises the final properties in the Napier joint venture, bringing the total sale receipts from Napier to £76m, reflecting a blended net initial yield of 7.4%. Total receipts are 26% higher than the £60.5m price paid when NewRiver and Bravo acquired the portfolio in June 2019.

NewRiver and Bravo continue to own two assets within a separate venture.

For further information – please contact Jonathan Milburn

21.08.23

The Botanist are coming to Bournemouth

Jackson Criss have agreed a letting to The Botanist who will make a welcome addition to Bobby’s department store in Bournemouth (comprising beauty hall, art gallery local artisans and Franco Manca).

Opening Q2 2024, The Botanist will be complete with a rooftop and sun terrace!

This letting will breathe new life into the building now known as Bobby’s, which has brought vibrancy to the town centre as a focal point for the vitality of the day and nightlife within Bournemouth.

For more information, contact Adam Rawcliffe on 07968 474 988.

16.08.23

Rent Review - substantial uplift secured on behalf of the landlord

Acting on behalf of a private landlord, Jackson Criss have secured a 15% uplift on this banking premises in at 50-52 Tooting High Street, SW17.

Having bought the premises for the client 5 years earlier, the reversion and business plan were achieved.

For more information, please contact Douglas Macrae on 07977 441 267.

16.08.23

New Tanning Lounge Open in Witham

Jackson Criss have let Unit 28 Newlands Centre to the New Tanning Lounge on a new 5 year lease.
Other retailers within the centre include Greggs, Boots, Savers, Iceland and Card Factory

For further unit availability in Witham, please contact Jacob Matthews on 07817 722 323.

11.07.23

Cambridge – Unit C, 59 Sidney Street (David Clulow)

On behalf of institutional investors, Jackson Criss have secured a new lease to David Clulow for a further period of 10 years at a rental of £80,000 pa. The lease renewal enabled the landlord to dispose of their investment.

For further details, contact Douglas Macrae

10.07.23

Chichester – Unit 2 Dolphin & Anchor, West Street

On behalf of an institutional investor, Jackson Criss have secured a new lease with Costa for a further period of 5 years.

For more details, contact Douglas Macrae.

09.07.23

Boots Commit to Harrogate

Jackson Criss have acted on behalf of an institutional landlord in agreeing a re-gear of the Boots lease at 24-26 Cambridge Street, Harrogate, securing occupation until 2029 at a rebased rental of £275,000 pa for the MSU store of some 30,000 sq ft.

The re-gear has facilitated the investment sale which is on the market via Jackson Criss. For further details, contact Douglas Macrae or Philip Hay.

07.07.23

Edinburgh – New Kirkgate, Leith (Bank of Scotland + Boots)

On behalf of NewRiver REIT, Jackson Criss have secured lease renewals of two key tenants within the Kirkgate Centre, Leith in Edinburgh for further periods of 5 years.

For further details, contact Douglas Macrae

22.05.23

Bath - Barton Court

Acting on behalf of abrdn, Jackson Criss are pleased to confirm the sale of this mixed use block situated in a prominent location fronting New Bond Street and Upper Borough Walls.

The property comprises approximately 35,265 sq ft (3,276 sqm) of retail floorspace and 18,809 sq ft (1,747 sqm) of office accommodation.

Tenants include Anthropologie, White Stuff, Toni & Guy, Stone King LLP and ORX UK Limited.

For further information on this deal, please contact:

Philip Hay on 07770 580 590 or Rhodri Jones on 07570 684 444.

23.05.23

SOLD! Prime Reversionary City Centre Investment in Leeds

Jackson Criss are delighted to have completed on the sale of 2-2A Commercial Street, Leeds on behalf of Thackeray Group.

After competitive interest, the property sold for the guide price which reflected a net initial yield of 6.58%. The property is let to Signet Trading Limited (t/a Ernest Jones) on a rebased rent with 4 years term certain.

For further information on this deal or to discuss any future sales, please contact:

Philip Hay on 07770 580 590 or Rhodri Jones on 07570 684 444.

02.05.23

Marriotts Walk, Witney Sold to DWS

On behalf of DWS , JC were delighted to complete the sale of the long leasehold interest in Marriotts Walk, Witney to West Oxfordshire District Council who owned the Freehold title.

Comprising approximately 125,000 sq ft of open accommodation anchored by M&S and Vue Cinema upon a 4.9 acre town centre site, the asset was sold with a WAULT to expiry of 10 years and 9 years to break.

For further information, please contact Jonathan Milburn.

10.05.23

Just in time for Summer! Havianas open in Church Street, Kingston

Jackson Criss are delighted to announce the arrival Havianas at 13-15 Church Street on a new 10 year lease.

This established brand (Brazil, 1962) joins the likes of Rituals, Accessorize, L’Occitane, White Stuff, JD, Molton Brown and Scribbler.

The store will trade as Havianas in summer, then Happy Socks during winter.

For information on lettings in Kingston, please contact Andrew Criss, Jacob Matthews or Jordan Keating on 020 7637 7100.

03.05.23

Sale Completed at Cornmill, Darlington

Jackson Criss were delighted to complete the sale of the Cornmill in Darlington to the Midos Group.

Comprising approximately 243,000 sq ft of enclosed retail accommodation with a stand-alone 400 space multi storey car park, the centre is anchored by Primark and was sold with a WAULT to expiry of 2.7 years and to break of 2.3 years.

For further information, please contact Jonathan Milburn on 020 7637 7100.