The rostrum roundabout
Retail investment from Acuitus
The auctions scene is rapidly-changing. Cushman & Wakefield's auctions team is off to join CBRE and King Sturge is merging with Jones Lang LaSalle. Meanwhile, Jones Lang LaSalle's former team Acuitus has a sale coming up in July. The Acuitus commercial property auction on July 7 will comprise 31 lots offered on behalf of clients including Barclays Bank, Co-Operative Estates, Daily Mail General Investments, executors, administrators, and also Joint LPA Receivers at BDO, GVA, Jones Lang LaSalle, Colliers International and Edward Symmons.
Following its May sale which raised more than £30 million at an 87 per cent sale rate, the forthcoming auction offers investment opportunities in London and the south east, together with assets across the UK.
Notable lots include a high-yielding shopping centre investment in Dover comprising 20 units, a food court and a multi-storey car park. Producing £196,991 a year, the lot is guided at £500,000 plus.
There are also three freehold leisure investments in Guildford, Leeds and Derby, let to LA Fitness with guarantees until 2041 and minimum rental uplifts every fifth year. Guide prices for these range from £750,000 to £1.45 million.
Richard Auterac, Acuitus auctioneer, comments: "So far this year our team has overseen the disposal of more than £70 million assets, bringing our total sales since we launched last year to more than £180 million.
"The July sale provides excellent opportunities at a wide range of yields and should suit the buying criteria of many investors."