The latest news from Sheridan Keane
Nov 29, 2021
10 Years in the Making
When we set up Sheridan Property Consultants 10 years ago, the economy was still in the grip of the Great Financial Crisis with next to no positive sentiment to be found anywhere and a degree of pessimism throughout the business community and wider society as a whole. It felt like almost everyone I spoke to following the company’s formation was of a view that we were either “mad” or “taking a massive gamble”. I never felt that opening at the low point of a recession was a bad idea as...
Feb 8, 2021
Sheridan Acquire Industrial Investment on behalf of Leftfield Capital
In an off-market transaction, Sheridan Property Consultants have acquired an industrial investment let to DSG Retail for a further 7 years. The opportunity was bought for £2.55 million, which reflects 6.37% NIY and £73 per sq ft capital value.
Jan 28, 2021
January 2021 Newsletter - A Time for Reflection
Cathal Keane, Investment Director The annual January ritual of forming (and more often than not, breaking) New Year resolutions seem more poignant this year, with the backdrop of a once in a generation global pandemic. This traditional time of reflection takes on greater significance as we contend with tightened lockdown measures, new variants, rising case numbers and, unfortunately, more COVID-19 related deaths. While the nation (and world) digs deep to find fortitude in this bleakest of...
Jan 26, 2021
Jenners Department Store to Close (Princes Street, Edinburgh)
It was with some considerable sadness that we heard of the demise of the Jenners department store this week. We have attached photographs from our marketing brochure for the property which we sold on behalf of LNC Property Group for £53m in 2017. We acquired the property from the Douglas Miller family as a sale and leaseback in 2005 for a price of £37.2m before selling after 12 years of ownership following a change in our client’s investment priorities. The 180,000 sqft icon was one of the...
Jan 19, 2021
Aegon European Headquarters bought for £133.25 million
The European Headquarters of Aegon in Edinburgh, has been purchased at a price of £133,250,000 on behalf of Roebuck and Hyundai Asset Management, which represents 5.01% NIY. The landmark office campus has 264,887 sqft of Grade A high quality office accommodation which includes an extensive array of amenities including a restaurant, gym and football pitch. Aegon are one of the world’s largest providers of life insurance, pensions and asset management including global savings and investments...
Aug 22, 2019
Scottish Gas HQ sold to bank for £27m
The headquarters of Scottish Gas, in Edinburgh, has been sold to the Bank of London and The Middle East (BLME) for around £27 million. The grade-A Office building at Edinburgh’s Waterfront Avenue was sold with the help of private equity specialist Palm Capital to the UK-based Islamic bank. The building sizes at 94,100sq ft and housed the 1,800 people employed by Scottish Gas since 2003. The sale follows an agreement by Palm Capital of a new 16-year long lease with Scottish Gas’s parent...