Riverside Capital is pleased to confirm that Old Street Works is now fully let, after achieving two new lettings over the past month. 1,848 sq. ft. on the first floor of 201 City Road has been let to SuperCarers (Super Carers Ltd) for £55 per square foot. The lease length is 4.5 years. SuperCarers is tech-led company, providing a support service to families seeking care professionals in their area, and is the leading online care platform. View More
Riverside Capital purchase £47.15 million prime, mixed-use building in the heart of London’s City Core
Riverside Capital has exchanged contracts to purchase Sherborne House, a 57,777 sq. ft prime mixed-use building on Cannon Street, London for £47.15 million. The building, which lies adjacent to what will be one of two new Bank Station entrances, comprises six floors of partly refurbished offices together with three retail units on the ground floor and basement. Retail tenants are Holland and Barrett, L’Express and Fuller Smith & Turner. View More
Riverside Capital has completed a new letting at Old Street Works, 197-205 City Road, the third letting since acquiring completing on the property in June last year. Pindrop Limited have taken a 5 year lease over 1,820 sq. ft. on the 2nd floor of 201 City Road. View More
Riverside Capital has sold its Travelodge hotel in Torquay for £8.5m, returning almost 1.5x equity to investors. The sale of the 90-bedroom hotel comes six months ahead of schedule, achieving an IRR of 17.29% over a 41 month hold period. View More
Riverside Capital has completed its latest capital raise this February. £4.5 million has been raised from private investors to facilitate the forward funding of the Cambridge Nutritional Sciences R&D property which has a target ERV of £9.7 million. Construction of the property will now commence with a target completion date of early 2019. Interested in Riverside Capital’s investment opportunities? Register as a client, or contact us to find out more.
Riverside Capital is pleased to confirm a further letting at Old Street Works. 1,541 sq. ft. on the second floor of 205 City Road have been let to Ocean Branding at a rent of £55 psf. View More
Riverside Capital has exchanged contracts to purchase a forward funding development in the heart of the "Cambridge Cluster". Plot 202 in Lancaster Way Business Park, just outside of Ely, will be developed to include a high-spec Research and Development facility and offices to meet the needs of Cambridge Nutritional Sciences Ltd (CNS). The development has been pre-let to CNS on a 25 year lease with five yearly rent reviews linked to the Retail Price Index. Interested in Riverside Capital’s investment opportunities? Register as a client, or contact us to find out more.
Riverside Capital has contracted to sell its Travelodge in Torquay for £8.50 million, reflecting a net initial yield of 4.43% based on the existing rent passing. The 90-bedroom hotel, acquired in September 2015, has been sold ahead of plan and shows an IRR of 17.29%. The transaction is due to complete in March with the lease subject to an open RPI uplift in September this year. Its sale once again highlights the thirst for index linked income within the budget hotel sector. View More
Jason Roy, England opening batsman and Riverside Capital ambassador, hit a record breaking one-day international score by an England player with 180 runs in the first ODI in Melbourne. His 180 from 151 balls made for England’s all-time highest individual ODI score and formed the backbone of their chase, overhauling Australia’s 304 with five wickets to spare. View More
Riverside Capital completes purchase of “Old Street Works”, a mixed-use asset in the heart of London’s “Tech City”
The 33,179 sq. ft. former Victorian warehouse on City Road was purchased by the company’s private investor platform for £27.5m. Clients invested a total of £16.2m in equity, with the remaining balance being provided by Lloyds Banking Group. View More