Investment – 2016 recap by John D Wood
Investment – 2016 recap Deals
It has been a fantastic 12 months for the investment department at John D Wood.
Even with the growing uncertainty which other property companies are facing in the post EU referendum economy. John D Wood continues to successfully acquire and dispose of properties for our existing and growing clientele.
Top Three investment deals which John D Wood has been involved include:-
Essex House, Brentwood, CM14
John D Wood successful disposed off the Freehold of this fantastic building. The property is Located within walking distance of the new Cross rail train line. The Freehold was acquired by Galliard Homes. The property continues to be managed by John D Wood to this day. The retail element (3,750 sq. ft.) of the property was 100% let (six self contained retail units). The office (12,500 sq. ft.) was arranged as three floors and was bought with vacant possession. Galliard Homes will be converting the existing office into residential accommodation. The development will feature a variety of 24 studio. Another studio (with study), one bedroom and one bedroom (with study) apartments. The property was purchased unconditionally. Also agreed within three days of due diligence commencing.
Albemarle House, Albemarle Rd, Beckenham BR3
John D Wood successful disposed off the Long Leasehold (111 years) of a parade of shops next to Beckenham Junction train station. The property (22,800 sq. ft.) which was managed by John D Wood was sold off-market once. The property was 100% let. Tenants included the Kent Police, KFH and Bathstore. The deal was agreed within one week of instruction and completed within the same quarter.
Craneshaw House, Hounslow, TW3
John D Wood successful disposed of this vacant office building to Galliard Homes. The property was formally let to Regus. The property will be converted to 32 apartments. Under permitted development (PD) rights. All completed to Galliard’s high-quality specifications. Residents will be ideally situated just an eight minute walk from Hounslow Central station. On the Heathrow branch of the Piccadilly line, between Hounslow West and Hounslow East stations.