Newsletter

Sign up to regular updates on Jackson Criss projects and the latest news around the UK.

18.01.24

Halfords Bought in Croydon

Jackson Criss have purchased the Halfords at 165 Windmill Road, Croydon on behalf of Cooper Estates

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

13.12.23

Prime Flagship Investment Sold in Southampton

Jackson Criss is delighted to have sold the freehold interest of 33/35 Above Bar Street, Southampton.

The property comprises a well-configured refurbished retail unit extending to 17,184 sq ft (1,596 sqm) occupying a prime retailing position on the pedestrianised Above Bar Street, close to the main entrance to the West Quay Shopping Centre.

24.10.23

SOLD! London E17 Newly Built Food Store Investment

Acting on behalf of private clients, Jackson Criss have sold a newly built long let London food store investment, with CPI linked increases at Unit 1 Blackhorse View, 15 Forest Road, London E14.

The property is let to Tesco Stores Limited UK with an unexpired term of circa 15 years. It forms part of the 21 storey Built for Life accredited development of 350 new homes Blackhorse View by Barratt London. The Blackhorse Lane area of Walthamstow, identified in the local action plan (2015) is undergoing significant regeneration.

For further information please contact Philip Hay or Rhodri Jones.

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.

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.

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.

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

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.

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.

02.05.23

Success at last at The Ridings, Wakefield!

Following a previously abortive deal, Jackson Criss were pleased to successfully sell the Ridings, Wakefield to a private investor.

Comprising a 6.6 acre largely freehold site and offering approximately 320K sq ft of enclosed retail accommodation across 3 levels with 1050 car parking spaces, the asset was sold with a WAULT to expiry of 3.7 years and 2.8 years to break.

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

02.05.23

Purchase Agreed at Hereford Retail Park

Jackson Criss were pleased to advise Columbia Threadneedle upon the recent purchase of Hereford Retail Park from Orchard St IM. Comprising approx. 55,000 sq ft of bulky led retail warehousing let to DFS, Curry's, Wren, Carpetright and Pizza Hut.

The park occupies a prime location and opportunities to enhance the income profile.

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

02.05.23

Transformative Deal Completed @ The Priory, Worksop

Following successful Levelling Up funding by Bassetlaw Council, we were able to conclude a sale of the above asset on behalf of Columbia Threadneedle to the Council , who will focus upon the Priory as part of a wider town centre master plan project.

Comprising approximately 130,000 sq ft of open retail accommodation across 43 units and anchored by Wilko with a landlord controlled 253 space double deck and surface car parking, the Priory was sold with a WAULT to expiry of 2.98 years and and 2.86 years to break.

For further information please, contact Jonathan Milburn.

28.02.23

Prime Retail / Restaurant Investment Sold in Esher

Jackson Criss, on behalf of a private client have sold this retail and restaurant investment, occupying
a prominent position on the High Street opposite Waitrose.

The property is let to Martin Moore Ltd and Mountrow Trading Ltd t/a Pounding Heart Cocktail Bar & Restaurant with a WAULT of 5.96 years to expiry.

Esher is a leading affluent commuter town in Surrey, 15 miles South West of Central London.

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.

15.01.23

Trowbridge/Fareham/Rainham – Asset Sale

As the new year begins, we are delighted to confirm the sale of a 3 asset retail and leisure portfolio on behalf of Columbia Threadneedle to Evolve Estates. The assets comprise approximately 370,000 sq ft, with adjoining car parks.

Rainham Shopping Centre is an open-air scheme anchored by a large Tesco, plus Costa, Boots, Card Factory and a host of independent occupiers.

The Shires in Trowbridge comprises a large Asda foodstore and multi-storey car park, JD Sports, Sports Direct, Iceland and Poundland.

Market Quay, Fareham is a mixed-use retail and leisure scheme anchored by Wilko, Reel Cinemas, TK Maxx, Nando’s and Poundland.

Contact: Jonathan Milburn on 020 7637 7100.

12.01.23

Sale confirmed at Marriotts Walk, Witney to West Oxfordshire District Council

Jackson Criss are pleased to confirm the sale of Marriotts Walk, Witney on behalf of Institutional clients of DWS to West Oxfordshire District Council (advised by CBRE).

The long leasehold asset comprises a long leasehold open centre of approximately 125,400 sq ft anchored by M&S & Cineworld with a 672 space multi storey car park upon a site of 4.9 acres.

Contact: Jonathan Milburn on 020 7637 7100.

15.12.22

Sheffield: Carmel House, Fargate

Jackson Criss are delighted to have sold this freehold retail block on behalf of institutional clients to a UK property company.

The property comprises a prime regional city centre block let to tenants including HSBC, Hutchinson 3 and H&M, providing a total floor area of 36,812 sq ft (3,420 sqm) and an income WAULT of c.3 years to expiry.

Contact: Philip Hay on 020 7637 7100.

12.12.22

Chester: 1-13 Eastgate Street & 4-8 Northgate Street

Jackson Criss are pleased to have sold this Prime Mixed Use Investment.

The property is situated in a 100% prime trading location on the corner of the pedestrianised Eastgate Street and Northgate Street.

The property is multi let to 17 tenants including Fat Face, EE, H Samuel, Beaverbrooks, Pandora, Hotel Chocolat, comprising approximately 35,663 sq ft (3,314 sq m).

After a period of marketing, Jackson Criss sold the property to a UK prop co on behalf of a fund at Arbdn Investment Management.

Contact Philip Hay on 020 7637 7100.