TRACK RECORD

VARIOUS INVESTMENT FUNDS WERE ESTABLISHED BETWEEN 2006 & 2009 AS PART OF A MAJOR JOINT VENTURE WITH A SIGNIFICANT UK RETAILER TO FACILITATE SALE AND LEASEBACKS TO ASSIST THE EXPANSION OF THE RETAIL BUSINESS

During this time Edge Real Estate successfully raised £350m of funds by way of debt and equity to finance the sale and leaseback programme.

During the period of ownership Edge Real Estate identified a number of added value opportunities and a successful exit was agreed in 2010 when the properties were all sold.




CROWN SHOPPING CENTRE, STOURBRIDGE

Edge Real Estate acquired a this regional shopping centre and gained planning consent for an 85,000 sq ft food store along with a 560 space car park.

The property was subsequently sold to Tesco.
 

CARDIFF

Edge Real Estate acquired a cinema anchored City Centre scheme with 3 vacant units.

All units were subsequently let and the property was sold to a UK plc.
 

WINSFORD CROSS, WINSFORD

Edge Real Estate purchased this shopping mall and refurbished it to include a new retail block that had pre-lets to Argos, Brantano and Bodycare at cost of £9 million.

DW Sports also took a large retail / health and fitness unit on site.

The head lease to the Council was re-geared and new car park was built.
 

TOWER VAULTS, LONDON

Edge Real Estate purchased this landmark property set within a World Heritage Site. The team extended the scheme and successfully added a pre-let to Costa Coffee.

The property sold to a UK institution.
 

CASTLE DENE, PETERLEE

Edge Real Estate acquired Castle Dene Shopping Centre for £18 million with key tenants being Argos, Home Bargains, Peacocks and Clinton Cards.

The scheme was extended to 400,000 sq ft to include a new Asda store and 22 new retailers at a further cost of £19 million.
 

Edge Real Estate Acquires Huron Portfolio

Edge Real Estate Property Investments has acquired a portfolio of mixed-use assets previously owned by the family of former Wigan FC chairman Dave Whelan for £50m.

Funded by ICG Longbow, Edge Real Estate – the investment division of Real Estate Group – has bought the Huron portfolio, which comprises nine DW Fitness Health & Leisure clubs around the UK; 8 King Street in Manchester; four retail assets in Wilmslow, Wigan, Lancaster and Northampton; and a single industrial investment in Wigan.

The group has also recently acquired Denton Holme Student Village in Carlisle, a 249-bed student accommodation scheme with an approved phase two for a further 250 beds.

“We are delighted to have expanded our investment business with several long-lease assets,” said Brendan Flood, chairman of Real Estate Group.

Source: Property Week

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