Recent Activity

Recent transactions for our investment and development team cover all our sectors with a focus on healthcare, hotels & leisure.

Healthcare      Hotels & Leisure     Petrol Filling Stations

Recent Transactions - Healthcare

Christie & Co’s Healthcare team has been responsible for a number of major transactions working for blue chip clients including Legal & General.

Holmes Care Group

  • Sale & leaseback transaction of family owned business in Scotland
  • Group comprises nine homes in Scotland providing 649 beds
  • Christie & Co brokered the off market sale Impact Healthcare REIT for £47.5m

Project Spruce

  • Sale of the freehold investment interest of the BMI hospital in Darlington
  • Instructed on behalf of Legal & General to run a discrete off market process
  • Sold in August 2020 following a highly  competitive process to NYSE listed Medical Properties Trust for £29.4m

Project Pine – Care UK Investments

  • Sale of a group of  prime care home investments let to Care UK Community Partnerships Ltd on behalf of Legal & General
  • Sale instruction followed a long standing performance monitoring mandate for Legal & General
  • Christie & Co sold the group to SCPI Pierval Sante, a French real estate investor entering the UK market

Pre-Let & Forward Funded Investment Sale, Bedfordshire

  • High quality 76 bedroom care home development opportunity
  • Letting agreed to a large regional third sector operator
  • With the pre-let in place, we successfully concluded a forward funded investment sale to a specialist healthcare fund

Forward Funding - Surrey

  • High quality 80 bed care home development opportunity
  • Letting successfully agreed to Greensleeves, a third sector operator with over 20 homes
  • Successful forward funded investment sale agreed to a specialist healthcare fund

Forward Funding – Market Harborough

  • Instructed by leading sector specialist developer
  • Development site with pre-let agreed to Care UK
  • 30 year lease on institutional terms
  • Forward funded investment sold a new healthcare investment vehicle

Recent Transactions – Hotels & Leisure

Within the UK, recent transactional assignments include a number of significant investment & development deals

SI Centrum/SI Suites, Stuttgart

  • Iconic, 1.5m sq ft entertainment, leisure and hospitality investment with 2m annual visitors
  • 90 % of rental income secured by anchor tenants
  • 454 key 4* conference hotel 2 x musical theatres, 19 bars and restaurants, cinema, casino and health club
  • Annual rental income c. €15m
  • Sold off a guide price of OIEO €200m

Holiday Inn & Indigo Hotel, Berlin

  • Two newly built 4-star hotels in Berlin at Alexanderplatz with 242 and 153 rooms
  • Sold to Invesco Real Estate as part of a sale-and-leaseback transaction on behalf of Azure Property Group

Hilton Garden Inn, Vienna

  • Mixed use asset with a 174 key hotel
  • Sale on behalf of Immofinanz to an Austrian private investor

Hampton by Hilton, Paris

  • 156 key hotel in Clichy
  • Investment transaction

Radisson Blu Sun Gardens, Croatia

  • 407 key resort hotel
  • Sale on behalf of Austrian Bank, Erste Group, to Chinese private investor

Buchan House, Edinburgh

  • Forward funding of 72 key Malmaison boutique hotel
  • Heritage building in key strategic location
  • 35 year lease with ERV of £1.2m
  • Acquired on behalf of Associate British Foods for £26.75m

The Brewery Tap, Leeds

  • Well invested public house close to Trinity Leeds and Leeds city station
  • c. 4,435 sq ft premises of basement ground and first floor levels
  • Sold to regional investment consortium based on a net initial yield of 6.5%

Roomzzz Aparthotel, Edinburgh St James, Edinburgh

  • 73 key upscale Aparthotel development
  • Situated with TH Real Estate’s 1.7m sq ft £1bn mixed use scheme
  • Due to open in 2021
  • Leasehold acquired on behalf of Roomzzz Aparthotels

Hotel du Vin, Stratford upon Avon

  • Instructed on behalf of S Harrison Developments
  • 48 key boutique hotel development
  • Long leasehold ground rent tenure
  • Full turnkey scheme solution sold to Malmaison & Hotel du Vin

Hampton by Hilton, York

  • Instructed by S Harrison Developments and Buccleuch Properties
  • 120 bedroom limited service hotel development in York city centre
  • Full turnkey freehold disposal to Avantis Hotels

Recent Transactions – Roadside

Petrol Station Investment

  • Sale of freehold petrol filling station investment
  • Transaction concluded in June 2021 on behalf of the owner

Crackmore Service Station

  • Freehold investment let to Bestway Wholesale
  • Sold in July 2021 to a private investor
  • Christie & Co acted as joint agent & secured multiple buds