News

Riverside Capital Exchanges Contracts to Purchase Forward Funding Development in Cambridgeshire

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 sells £8.5 million Torquay Travelodge hotel

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

Riverside Capital ambassador, Jason Roy, hits record 180 in five-wicket victory

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 exchanges contracts to purchase Old Street Works in the heart of Tech City

Riverside Capital has exchanged contracts to purchase “Old Street Works” on City Road, London EC1 - the heart of London's "Tech City". The property investment company will raise £16.2m of equity from its investor base, together with senior debt provided by Lloyds Banking Group to complete the transaction. The ground and lower ground floors are let to retail tenants including Nando’s and Bodean’s restaurants, with the four upper floors being office accommodation currently 50% let to a range of tenants, mostly within the Technology, Media and Telecoms (TMT) sector. View More

Riverside Capital Ambassador Jason Roy confirmed for South Africa’s new T20 Competition

Jason Roy, England opening batsman and Riverside Capital ambassador, has been named as one of only three England-qualified players to play in the new South African T20 tournament. Along with England captain Eoin Morgan and former England star Kevin Pietersen, Jason is one of eight ‘marquee’ internationals who have signed up to enter a draft for the franchise, scheduled to take place in November. View More

Riverside Capital completes sale of Cresta Court Hotel, Altrincham, returning a 2x equity multiple to investors

Riverside Capital has completed the sale of its’ stake in Best Western Cresta Court Hotel, Altrincham. The sale was completed by way of an MBO, backed by Vine Hotels Ltd, the hotel operating company owned by Greg Dyke. Having originally acquired 80% of the business in February 2013, the 140-bedroom property has been significantly upgraded during the four year hold period. View More