Disposal of Royal Avenue House, 35-41 Kings Road, London
13 May 2010
Orchard Street Investment Management LLP, a leading UK specialist commercial property investment manager, announces that it has completed the sale, on behalf of one of its pension fund clients, of Royal Avenue House 35-41 Kings Road London SW3 for just over £30m to Ignis UK Property Fund. The price equates to a property net initial yield of 4.69%. The 14,249sq ft prime island site of four shops is let to Monsoon, H Samuel, Hawes & Curtis and Sole Trader.
Griffiths Eccles represented Orchard Street and CWM represented Ignis.
END
For more information:
Dido Laurimore/ Talia Shirion
FTI Consulting
+44 (0)20 3727 1000
osim [at] fticonsulting.com
Notes to Editors:
Orchard Street Investment Management
Established in 2004, Orchard Street Investment Management LLP is a leading specialist commercial property investment manager, focused on the UK market with £4.2 billion of AUM (as at 30 June 2022). It acts on behalf of institutional clients world-wide to advise on investing in and the active management of property assets, including industrial warehouses, retail warehouses, and offices.