All the news
Major Investment Purchase ....
Acting on behalf of Legal and General (LGIM Real Assets) Mason Owen have advised on the acquisition of India Buildings in Liverpool city centre for £125 million.
The Grade II Listed building comprises 500,000 sq ft and is a landmark of the city. It is currently undergoing major refurbishment works in advance of occupation by HMRC in 2019. The Government department will occupy 270,000 sq ft for 3,500 staff.
For full details of this transaction and all matters relating to property investment please contact:
0151 242 3041
Mason Owen acting on behalf of a new, private client have sold Lease Direct Finance’s head offices in Ewloe to overseas investors for £1,900,000.
Andrew Scott, Partner in the Investment team at Mason Owen commented “we were pleased to complete the sale for our new client after another agency failed to sell the property in 2017. The sale illustrates the continuing demand in the investment market for well-located and well-secured investment opportunities.”
Should you have any properties to sell or are seeking investment opportunities please contact the investment department at Mason Owen on 0151 242 3000
5 New Tenants Sign Up at The Albert Dock
Acting on behalf of Aberdeen Standard Investments, 5 new exciting tenants are due to open in Summer 2018, taking the regeneration of this asset a huge step forward.
Liverpool favourite, Lunya, will be opening their smaller concept of their deli & tapas restaurant called Lunya Lita and Rosa's Thai Cafe will open their first restaurant outside of London. Escape Hunt will open an "Escape Room" themed leisure attraction, which will appeal to all and Made in Liverpool will be re-locating their HQ to an office suite on The Colonnades.
On the retail side, Liverpool based Leather Satchel Co. have opened their first UK store which will be called Henshaw's Leather Workshop, offering bespoke and premium Leather products.
For further details please contact: Allie Bainbridge on 0151 242 3141 or email@example.com
Supreme Court Victory for Mason Owen Client
Mason Owen have provided advice to Iceland in respect of a ground breaking decision in the Supreme Court.
The dispute rested on whether or not the air handling systems in Iceland's shops should be subject to assessment for business rates. The decision has implications across their portfolio of 900 stores.
For full details on the case and all matters relating to Business Rates contact:
0151 242 3032
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Major new property management instruction
Located in Liverpool, Chester and Sheffield advice was initially provided in respect of the purchase of the portfolio. A focus will now be placed on refurbishing the existing space and reception areas in order to secure lettings of the vacant parts to maximise income. Ongoing advice will also be provided in respect of professional and property management matters to ensure the portfolio reaches its full potential.
For further information contact
0151 242 3076
Greggs on Retail Parks
As part of their expansion programme Greggs are now acquiring newly developed pod units on retail parks.
On their behalf, Mason Owen have agreed terms to take a number in the North West including Greyhound Retail Park, Chester; Kingston Retail Park, Rochdale; Parsonage Retail Park, Leigh and Marina Quay, Rhyl.
For further information on Greggs expansion programme please contact:
0151 242 3029
The Board of Mason Owen are pleased to announce two new promotions - David McCallum and John Morgan have both been promoted to Partners, and we offer them our warmest congratulations.
David joined Mason Owen in 1994 and works in the Asset Management department, dealing with a number of clients’ property investment portfolios across the UK.
John has been a member of our Valuation team since 2004. He provides advice to a number of banks and financial institutions on a wide variety of property types.
Mason Owen are pleased to announce the recent letting of a modern hybrid light industrial unit located on Olympic Park in Aintree. The unit comprising of 5,972 sq.ft. has been let on a new 10 years FRI lease.
For further information on this transaction contact and general industrial property enquiries contact:
0151 242 3145
Rent Review Success ...
Acting on behalf of retained landlord client Vabeld UK Limited, Mason Owen have negotiated a significant increase at rent review on premises at 14-22 Paradise Street, Liverpool, occupied by Halifax. With effect from January 2017 the rent has increased from £397,500 pa (£195 psf Zone A) to £475,000 pa (£237.50 psf).
For further information on this transaction, or how we might help you with your rent reviews or lease renewals contact:
0151 242 3074
Promotion at Mason Owen
“The Board of Mason Owen are pleased to announce that James Heyes has been promoted to Director and Head of Valuation, taking over this role from Andy McNee.
James has been an integral part of the valuation team since joining Mason Owen in May 2004, and has helped to develop the firm’s well respected reputation, particularly within the banking community. Andy McNee has retired as a Director of the company, but will continue in a Consultant role”.
Chester Office Letting
Mason Owen are pleased to announce the letting of Newgate House, a prominent and attractive Georgian period property in Chester City Centre, comprising 3,537 sq.ft. Terms have been agreed to let the property to Inside Online Marketing on a new 10 year lease.
For further details contact Louis Holt on 0151 242 3145 or firstname.lastname@example.org
Bromborough Industrial Space
Mason Owen have recently let Unit 6 Woodway Court, a well-positioned modern light industrial unit on the Croft Business Park, Bromborough. The property, comprising of 4,729 sq ft, was Let to SFL Mobile Radio Limited on a new 5 year lease.
For further details on this letting or any enquiries for industrial accommodation please contact Louis Holt - 0151 242 3145 / email@example.com