Vabeld acquired New Barratt House in Liverpool.
Vabeld acquired New Barratt House in Liverpool on the corner of Lord Street and North John Street. It is a mixed building with retail tenants including Santander, Greggs, Subway, Pound Bakery and Wilkinson Cameras while the main office tenant is LILA, the Liverpool International Language Academy. Also included are a number of outdoor parking spaces which might offer a mid to long term development opportunity. This constitutes Vabeld’s fifth acquisition on Lord Street, resulting in a continuous ownership from North John Street to BHS.
Vabeld acquired another rented property as well as a 56000 square meter land plot in Bucharest Industrial park in Q1 2016.
The rented building is leased to Titan Machinery, Eurobody Hydraulics and Automotive Investment Corporation (AIC). In the meantime, a new lease was signed with Augsburg for Hala Z and the works for Hala O1 and Q1, prelet to Fashion Days are scheduled for delivery in Q2 in line with the set time frame. Vabeld is also actively preletting a new warehouse S1 of approximately 20.000 square meter, for which it is in various stages of negotiations with several potential tenants.
Extension for Centurion Retail park in Doncaster
In 2013, Vabeld purchased Centurion Retail park in Doncaster, which at the time was struggling with high vacancy and low footfall. This has changed since with Home Bargains and Iceland coming in on site. The park is now fully let. Just before Christmas 2015, the adjacent property, let to SCS and Xercise 4 Less, was acquired from a private investor. Where as these properties are today separated by a fence, our goal is to connect both sites in order to improve access and create a bigger park which will be a more attractive proposal to shoppers.
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In light of our continuous growth, your retail asset(s), whether located in Belgium or elsewhere might be of interest to us. Are you considering selling commercial real estate or do you know someone who wishes to do so, do not hesitate to contact us, with no obligation on your part. We do not act as a broker and discretion can be guaranteed. If you are interested in one of our properties for sale or for rent, do not hesitate to phone or e-mail us.