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)
- APAM purchased for £13.7M in Feb 2019 for a syndicate of Singaporean Investors
- 106K sq ft industrial unit situated on Springfield Industrial Estate operating as a Data Centre in close proximity to Heathrow Airport
- APAM negotiated a surrender of the lease to Deutsche Bank in Dec 19 for an £8M premium. The subtenant CenturyLink remained in place paying a rent of c. £700K pa
- APAM purchased, on behalf of the investors, an adjacent industrial property from five separate owners for £10.5M in order to expand the site to attract a hyper scale operator
- APAM procured 40 MVA power supply to the site and subsequently sold both sites to an operator for £29M
60 Spring Gardens, Manchester
- Private Client
- A c. 26K sq ft office building in Manchester City Centre
- Purchased for £7.8M March 2016
- Current AM initiatives have increased value to in excess of £10M, AM initiatives included a surrender of four floors and two pre-lets agreed at ground floor to Black Sheep Coffee & Six by Nico. A comprehensive refurbishment was undertaken in November 2019. The ERV of the office space has increased from £17.50 psf to £26.50
- APAM has recently completed a 5,607 sq ft cat-B fit out of a single floor to provide a unique plug and play option for any occupier
- 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 5.1 years
- Asset management opportunity to capture rental reversion over the short-medium term in a supply constrained local market
- Nominated for ‘Property Deal of the Year” award in 2020 by Insider Media
- Retained as integrated investment, asset and property manager
36 Park Row, Leeds
- Private Client
- Purchased in 2017 for £4.5M from an institutional asset manager
- APAM undertook a comprehensive c. £1.9M two phase refurbishment and upgrade programme of all vacant office accommodation and common parts including the addition of new basement WC, shower and changing facilities
- Re-branded the property and all marketing material
- Implemented significant service charge efficiencies whilst implementing extensive planned preventative maintenance work
- Within first 21 months secured 7 new lettings totalling 14.4K sq ft
- ERV increased from £15 to £24 psf
- Sold for £9.6M, 9 months ahead of Business Plan timing
Dunstable
- Private Client
- A c. 262K sq ft vacant Leisure Centre
- APAM consensually purchased from the client for £2.4M in February 2017
- APAM agreed a long lease with the NHS subject to a £1.5M refurbishment and hospital fit out
- Sold in 2017 for £6.25M