The National Investment team have recently sold a trilogy of Q-Parks for a total combined figure of £30,849,000.
The team acted for Q-Park in the deals and the properties were sold by way of three separate sale and leasebacks for a minimum of 35 years with annual RPI uplifts
Each of the multi-storey car parks occupy prime central locations in their respective town centres of Glasgow, Croydon and Sheffield.
The properties were sold to three different purchasers;
- Glasgow: £16,600,000 (4.38% NIY) – Sold to M&G
- Croydon: £9,689,000 (5.01% NIY) – Sold to LXi
- Sheffield: £4,560,000 (4.98% NIY) – Sold to Elstar
The sales continue to demonstrate the market’s requirement for long income investments let to strong covenants, particularly those in the alternative sector.
For more information on this deal please contact Liam Stray at firstname.lastname@example.org or call him on +44 (0)20 7543 6769
For more information please contact Liam Stray in our National Investment team at email@example.com or call him on +44 (0)20 7543 6769