TRACK RECORD EXAMPLES
Hays Data Centre, Hays
- Private Client
- The Data Centre is 15 miles west of Central London – c. 105K sq ft (Technical Space is c. 38K sq ft)
- Purchased in 2019 for £13.68M from receiver/administrator
- Negotiated surrender of existing lease for substantial premium
- Created new operating company, Trinity Data Centres Ltd, to take over the responsibility for managing the centre and launched a marketing campaign aimed at building a customer base of co-location tenants
- Retained as integrated investment, asset and property manager, and corporate service provider
60 Spring Gardens, Manchester
- Private Client
- A c. 26K sq ft office building in Manchester City Centre
Purchased in 2016 for £7.8M - APAM negotiated an early surrender of the ground floor office space and secured lettings to F&B operators
- A second surrender of the office space was negotiated to facilitate an extensive refurbishment programme totalling c. £1.2M increasing office ERV by c. 30%
- Retained as integrated investment, asset and property manager, and corporate service provider
Ventana House, Sheffield
- Private Client
- A c. 49.5K sq ft office building in Sheffield City Centre
- Purchased off market from a retail investment fund in 2020 for £14.65M
- Multi-let to strong tenants with a WAULT of 6.1 years
- Asset management opportunity to capture rental reversion over the short-medium term in a supply constrained local market
- Retained as integrated investment, asset, and property manager
36 Park Row, Leeds
- Private Client
- A c. 27K sq ft City Centre office building
- Purchased in 2017 for £4.5M from an institutional asset manager
- APAM has undertaken a comprehensive c. £1.9M two-phase refurbishment programme of all vacant office accommodation and common parts
- Multiple lettings achieving rents of c. £24 psf and lease re-gears of existing tenants
- Retained as integrated investment, asset and property manager, and corporate service provider
Dunstable
- Private Client
- A c. 262K sq ft vacant Leisure Centre
- Purchased for £2.4M in February 2017
- APAM agreed a long lease with the NHS subject to a £1.5M refurbishment and hospital fit out
- APAM retained as integrated investment, asset and property manager, and corporate service provider
- Sold for £6.25M in November 2017