• £218 million shopping centre acquisition for overseas pension fund

    Clavis Walden managed the acquisition of 80% share of the Intu shopping centre in Uxbridge - a gross lot size of £218m. In partnership with Azimuth we advised on the purchase – and we are retained in a management role on behalf of the Malaysian pension fund, KWAP, including quarterly reporting, budgeting and all letting/tenant activity.

  • 70% ungeared IRR for supermarket regeneration

    In conjunction with a private equity house, we bought an Aldi supermarket with additional retail space in a good city-centre location with scope for regeneration.

    After achieving vacant possession of the main building from Aldi and two other tenants.  We made improvements to the building and let it to Waitrose on a 20 year lease.

    Having bought the property for £8.5m we sold it to a UK institution for £15.05m, making a 70% ungeared IRR.

  • Prime city centre hotel funding

    Through advising a UK pension fund, we provided funding for a hotel development in the centre of Canterbury.

    Canterbury has one of the highest numbers of tourists in the UK outside London, yet many only make day visits due to a lack of affordable hotel rooms. Premier Inn took a 25 year lease, with Tesco taking a 20 year lease on the ground floor. The project delivered GDV of £12.3m.

  • Value-add management role in a regulated capacity

    Robin was approached to take on an investment and asset management role for a small property fund in the North West. Robin’s in-depth approach will enable the trustees to maximise value of all the assets, ranging from new lettings to physical improvements to the buildings.