Investment Advisory – Hardington Capital

Hardington Capital acquires John Lewis Partnership Scottish building

admin — Wed, 16 Sep 2020 11:16:03 +0000

Hardington Capital has completed the acquisition on behalf of Fintry House Glasgow ltd of Fintry House, Hamilton near Glasgow. The building, let to the John Lewis Partnership, amounts to circa 39,637sqft of high quality office space for a term of just under 10 years. JLP use the building as their main UK Customer Contact centre dealing with customer enquiries from across the UK. The building forms part of the successful Hamilton International Business Park situated on the outskirts of Glasgow

The building was bought pre-marketing at a NIY of circa 10.7%. Finn & Co & Galbraith were the joint selling agents. Hardington Capital was advised by Ed Watkins of Finemann Ross. Hardington Capital will act as ongoing asset manager.

Newport Assets Acquired by Hardington Capital

admin — Wed, 25 Mar 2020 13:34:05 +0000

Hardington Capital has completed the acquisition on behalf of a corporate client of two office buildings at Imperial Park, Newport. The buildings, let to three separate entities including the Welsh Government, amount to circa 92,000sqft of high quality office space with a WAULT of just under 8 years.

The buildings were bought pre-marketing at a NIY of circa 8.2%. Savills were the selling agent with an original guide price of £15M. Hardington Capital will act as ongoing asset manager.

Telford Asset acquired by Hardington Capital

admin — Fri, 03 Jan 2020 17:11:22 +0000

Hardington Capital has completed the acquisition of a 34,000sqft office building in Telford. In an off market deal the asset has been secured on an net initial yield of nearly 10% let on a new ten year lease. The all cash deal was completed on behalf of a private family office and Hardington Capital will act as ongoing asset managers.

£2.1M debt refinancing completed by Hardington Capital

admin — Thu, 28 Nov 2019 22:25:20 +0000

Hardington Capital has recently completed a £2.1M debt refinancing for an asset acquired earlier in the year.

Hardington Capital wins coveted award

admin — Thu, 03 Oct 2019 14:10:28 +0000

We are delighted to have won the Build Magazine “Best Asset Manager & REIT Advisory – London” award 2019. Many thanks to our clients and peers for your nominations and for supporting our business.

Government Let Office Acquired by Hardington Capital

admin — Tue, 06 Aug 2019 18:33:06 +0000

Hardington Capital recently completed on the acquisition of a 28,000sqft office building on behalf of a Family Wealth office. The modern, Grade A, office building situated in Warwickshire is let to the Secretary of State for Communities & Local Government on a 10 year lease. The deal was structured as a cash purchase with a net initial yield in excess of 9%.

£5M debt secured by Hardington Capital

admin — Tue, 06 Aug 2019 18:19:59 +0000

Hardington Capital has completed a £5M financing deal for an asset previous acquired by Hardington Capital. The original cash purchase has now been enhanced by the Allied Irish Bank facility thus increasing the overall cash return form the asset to in excess of 12% net.

Value add Opportunity acquired in Northwich

admin — Thu, 04 Jul 2019 12:45:34 +0000

Hardington Capital acquires an exciting value add asset opportunity in Northwich, Cheshire currently let for a further 12 years to the Co Op supermarket group. The property has been acquired from Receivers acting on behalf of the vendor.

Lee Jones joins the Hardington Capital team

admin — Thu, 04 Jul 2019 12:19:13 +0000

We are delighted to welcome Lee Jones as part of the Hardington team. Lee has many years of experience in raising capital and advising of financing solutions for both private and corporate clients.

Substantial Government let asset acquired

admin — Thu, 28 Mar 2019 23:22:12 +0000

Hardington Capital LLP has completed the purchase of 67,000sqft office building in Swansea fully let to the DVLA for the sum of £8.3M. The modern office building is home to the DVLA’s main call centre and data rooms, and is let to the Government until 2029. The asset was acquired on behalf of a prominent Reinsurance business. Hardington Capital have co-invested and will lead manage the asset.