THE RO REAL ESTATE AND OAS ROUNDTABLE DEBATE

27/02/15

THE FUTURE OF THE SOUTH EAST MARKET

RO Real Estate has teamed up with the Office Agents Society and CoStar to sponsor and host a roundtable debate on the South East office market which is taking place today at Mews of Mayfair restaurant. According to a poll conducted by the OAS, confidence is high surrounding the South East office market with 77% of OAS members believing that office take up in the South East will be more than it was in 2014. The survey also showed that confidence was high for investment volumes in 2015 with 47% believing that they will be more than in 2014 and 37% thinking that they will be similar to levels seen in 2014. We are looking forward to seeing what our panel of industry experts has to say on the matter later today!

RO ACQUIRES RETAIL ASSET IN BURY ST EDMUNDS

12/02/15

RO Real Estate, the UK commercial property investment and development company, has completed the acquisition of a retail property in Bury St Edmunds, Suffolk for £3.425 million, reflecting a net initial yield of 7.16%, from Clearbell, the private equity real estate fund management business.

The property is located on 56-58 Cornhill Street in the centre of the medieval market town of Bury St Edmunds and comprises three retail units over ground, mezzanine and first floors, totalling 10,184 sq ft of space.

The building is fully let to Halifax, Harriet’s Café and Laura Ashley, and produces a combined total rental income of £259,425 a year.

This purchase is part of RO’s acquisition programme to invest in core income and value-add opportunities in the South of England. RO Real Estate still has a significant amount of cash remaining to reinvest in lot sizes between £2-5 million, which offer the opportunity to add value through active asset management and provide core income returns for our portfolio.

Richard Bourne, head of RO Real Estate, said: “This property is located in a prime pitch, within a strong performing market town with good demand and low vacancy. In the long term we feel that the asset will be a strong performer with an opportunity to increase value through future rental growth. The acquisition also further improves the security and performance of our portfolio. ”

RO Real Estate was advised by Green & Partners.  The vendor was advised by Bruce Gillingham Pollard.

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For further information:

Edward Rowlandson / Nick Moore, RO Real Estate 

01707 601400 / 0207 025 1780

info@rogroup.co.uk

Faye Walters, Tavistock Communications

020 7920 3150

fwalters@tavistock.co.uk

Notes to Editors:

RO Real Estate is a privately-owned company specialising in commercial property investment and development in the south east. It is the property division of the RO Group, which has majority interests in businesses involved in residential development, high-quality holiday lodge developments, domiciliary and specialist care services and the development of utility-scale solar energy projects. 

www.rogroup.co.uk

www.rorealestate.co.uk