| Industrial Investment Acquisition | | 03/10/2003 |
| On behalf of private clients E J Hales have purchased a freehold investment for £2.85 million from Easter Capital Limited who were represented by Linnels. | |
| The property is a substantial warehouse building totalling circa 127,000 sq.ft. on an 11 acre site.
The property is let to Kappa Corrugated (UK) Limited on a 10 year FRI lease from the 12th of August, 2002 at a rental of £333,000 per annum.
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| Kappa Corrugated (UK) Limited principle activity is the manufacture and distribution of packaging materials. | |
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| £1.3M RETAIL SALE | | 19/05/2003 |
| Redcastle have sold the long leasehold interest in 59/61 Queen Street, Cardiff, to private clients of E J HALES FOR £3,100,000.
The entire property is let to Rubicon Retail Ltd trading as Principles at a passing rent of £250,000 per annum, subject to review. | |
| The property is situated in a 100% prime location opposite the main entrance to St David's Centre, and close to Marks & Spencer, BHS, Boots and the new 95,000 sqft Next Store.
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| The vendors were represented by Nick Sewell of Dagleish & Co. Andrew Thomas, Investment partner at E J Hales, commented" our clients are delighted with the acquistion of this prime long leasehold interset, which will further improve on completion of the Scottish Widows 120,000 sqft linear development on both sides and behind the property" | |
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| PRESS RELEASE-RETAIL WEEK | | 03/03/2003 |
| "The St Davids Partnership, of Land Securities and Capital Shopping Centres, is planning 69,675 sq.m of retail-led mixed use urban regeneration, including a 23,225sq.m departement store for completion by 2008" | |
| "The site covers the area south of the St Davids Centre bounded by the Hayes, Hayes Bridge Road, Hill Street and Mary Anne Street, and extends to Bute Terrace. The Alliance owns or controls half the site.
A memorandum of understanding has been signed with Cardiff City Council, with a planning application now submitted by the St Davids partnership" | |
| "EJ Hales property agent Robert Hales says the Hayes frontage of the development will target the high quality end of the fashion and lifestyle retail market, which is not represented in Cardiff at present. Tree lined boulevards and a covered two-storey Grand Arcade will feature" | |
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