RO ACQUIRES OFFICE BUILDING IN BRISTOL

23/02/16

RO Real Estate, the UK commercial property investment and development company, has completed the acquisition of Wyndham Court in Bristol for £4.53 million from Kennedy Wilson.

The 28,888 sq ft, four storey office building is leased to Direct Response Ltd at an annual rent of £351,912 which reflects a net initial yield of 7.34%. Located in a prominent position fronting Pritchard Street and directly opposite Cabot Circus, Bristol’s prime retail and leisure destination, the building has excellent transport connections to the city centre with both the central bus station and Temple Meads railway station within walking distance.

This purchase is part of RO’s strategy to invest in “core” and “value-add” opportunities in the south of England. Following this transaction, RO Real Estate still has a significant amount of equity to invest in lot sizes of £2-5 million.

Richard Bourne, head of RO Real Estate, said: “Bristol is described as the commercial capital of the south west. The last eighteen months have seen a large shrinking of office stock as approximately 1m sq ft of offices have been converted to residential. On the other side of the equation take up remains strong and consistent. This asset therefore offers an opportunity to acquire a building in a rapidly improving micro location and market, in which we aim to drive rents forward and add long-term secure income to our portfolio.”

RO Real Estate was advised by Cushman & Wakefield. The vendor was advised by Knight Frank.

- Ends -

For further information:

Edward Rowlandson / Nick Moore, RO Real Estate 

01707 601400 / 0207 025 1780

info@rogroup.co.uk

Kirsty Allan, Tavistock Communications
020 7920 3150
kirsty.allan@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.

www.rogroup.co.uk
www.rorealestate.co.uk

RO ACQUIRES OFFICE BUILDING IN KENT

03/12/15

RO Real Estate, the UK commercial property investment and development company, has completed the acquisition of a multi-let office building in Sevenoaks, Kent, from Marley Pension Limited. The purchase price of £4.6 million reflects a net initial yield of 6.29%.

Located in Sevenoaks town centre, the 14,524 sq ft four-storey office building is close to local amenities and Sevenoaks railway station, which provides excellent access to London via Charing Cross, Waterloo and London Bridge stations.

Current tenants include Hemlow, a commercial company that offer real estate management services, Staff Management, an agency providing care and support for people with physical disabilities, Credence, a professional services business and Brebners, an accountancy, tax and compliance firm.

This purchase is part of RO’s acquisition programme to invest in “core” and “value-add” opportunities in the South of England. RO Real Estate still has a significant amount of equity to invest in lot sizes of £2-5 million.

Richard Bourne, head of RO Real Estate, said: “1 Suffolk Way is an excellent addition to the portfolio. The Sevenoaks office market is currently characterised by a limited supply of good quality space and a healthy level of demand. We see this as an excellent opportunity to manage the asset to deliver long-term growth and performance given the location and market characteristics”.

RO Real Estate was advised by Lambert Smith Hampton. Marley Pension Limited was advised by Stephens Maguire & Company.

- Ends -

For further information:

Edward Rowlandson / Nick Moore, RO Real Estate 

01707 601400 / 0207 025 1780

info@rogroup.co.uk

Kirsty Allan, Tavistock Communications
020 7920 3150
kirsty.allan@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.

www.rogroup.co.uk
www.rorealestate.co.uk

RO LETS 14,000 SQ FT AT LETCHWORTH

03/12/15

RO Real Estate, the UK commercial property investment and development company, has completed two new lettings, totalling around 14,000 sq ft of industrial space at Woodside Industrial Park in Letchworth, Hertfordshire.

RO has leased 6,856 sq ft of space in Unit 20 to Electronic Waste Recycling on a 5 year lease and 6,875 sq ft in Unit 21 to Toolstation, one of Britain's fastest growing suppliers of tools and accessories to the building trade, on a 10 year lease.

Woodside Industrial Park comprises a modern development of 26 units within the town’s principal commercial and industrial area. It is conveniently located near the station, which provides a 45 minute service direct to London King’s Cross station.

Richard Bourne, head of RO Real Estate, said: “We are seeing a continued increase in demand for units from both local and regional businesses, which is evidenced by the recent lettings at Woodside Industrial Park. Toolstation is a good example of the type of tenant attracted to Letchworth by the quality of accommodation and its excellent location”.

- Ends -

For further information:

Edward Rowlandson / Nick Moore, RO Real Estate 

01707 601400 / 0207 025 1780

info@rogroup.co.uk

Kirsty Allan, Tavistock Communications
020 7920 3150
kirsty.allan@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.

www.rogroup.co.uk
www.rorealestate.co.uk

RO REAL ESTATE MAKES KEY APPOINTMENT

28/10/15

RO Real Estate, the UK commercial property investment and development company, has made a significant senior hire with the appointment of Nick Moore, former Director of Real Estate at Lloyds Banking Group, as Senior Investment Manager.

As Senior Investment Manager, Moore will report directly to Richard Bourne, Head of RO Real Estate. Moore’s responsibilities will include obtaining and providing detailed financial and technical investment analysis, identifying opportunities to enhance portfolio performance, progressing property transactions, and providing property investment market knowledge. Moore has more than 15 years’ experience in the commercial real estate industry.

Moore joins from Lloyds Banking Group (LGB), where he held the position of Director in the Real Estate division. He worked at LBG for almost six years and was leading the delivery of the in house real estate advice to the commercial banking teams. Prior to that, he spent four years at PRUPIM (now M&G Real Estate) working with their Life Fund. He also worked for Warner Estates, and gained his early real estate experience at DTZ in their city agency team.

Richard Bourne, Head of RO Real Estate, said: “We are delighted to have Nick joining our team. Nick has an extensive understanding of the UK real estate market which will prove invaluable to us as we grow our business. His expertise will support and focus our future investments as we still have a significant amount of cash to invest during the remainder of the year.”

- Ends -

For further information:

Edward Rowlandson / Nick Moore, RO Real Estate 

01707 601400 / 0207 025 1780

info@rogroup.co.uk

Faye Walters, Tavistock
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 of England. 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.

www.rogroup.co.uk

www.rorealestate.co.uk

RO COMPLETES THREE LETTINGS IN BRACKNELL

16/10/15

RO Real Estate, the UK commercial property investment and development company, has completed three lettings at its 21,200 sq ft office building, Amber House on Market Street in Bracknell, generating an additional rent roll of £51,229 per annum. Following these lettings there are only two vacant suites left, one suite providing 1,350 sq ft and the other providing 1,307 sq ft.

The recent lettings include:

1,522 sq ft first floor rear suite to Victim Support, a charity that provides help to victims of crime in England and Wales

2,272 sq ft rear left ground floor suite to Catch 22 Ltd, a charity that works to rehabilitate offenders

1,287 sq ft rear right ground floor suite to A4E, a leading employment support and training services company

Page Hardy acted for RO. The others were unrepresented.

Amber House is within a minute’s walk of Bracknell’s bus and railway stations and benefits from excellent onsite parking and good quality office space. Other tenants include Jaltek, Infinitt, Quest, Attika, Bracknell Forest Voluntary Action, Northgate, PCS Technology and Mitie.

Richard Bourne, head of RO Real Estate, said: “We are very pleased to have completed these lettings at Amber House, which are testament to the property’s credentials and our asset management team’s ability to secure high-quality and reliable tenants. The building is rare in Bracknell as it offers open plan office suites of variable sizes, on flexible leases. There are just two vacant units at the property and we have been pleased with the level of occupier interest in both.”

- Ends -

For further information:

Edward Rowlandson / Nick Moore, RO Real Estate 

01707 601400 / 0207 025 1780

info@rogroup.co.uk

Faye Walters, Tavistock
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 of England. 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.

www.rogroup.co.uk

www.rorealestate.co.uk

RO TRADES FIVE ASSETS

Huddersfield

13/07/15


RO Real Estate, the UK commercial property investment and development company, has completed the sale of five properties located mainly in the North East of England for a combined price of £5.46 million.

These sales are part of the Company’s ongoing strategy to dispose of non-core assets and reinvest the proceeds into core income and value-add opportunities in order to deliver a high-quality property portfolio with large capital growth potential and a secure income base.

RO has disposed of:

A 37,340 sq ft retail and office building in Huddersfield for £2.275 million to MCR Property Group. The property comprises five retail units on the ground floor with four storeys of offices to the upper floors. The building is located within easy walking distance of the central station, Kirklees College and the University of Huddersfield. BNP Paribas Real Estate advised RO and the purchaser was unrepresented.

A 25,143 sq ft modern single-let industrial warehouse unit in Sunderland for £1.193 million to Cole Real Estate. The property is located on Rainton Bridge Industrial Estate and is entirely let to Chemviron Carbon Ltd at a yearly rent of £110,400. BNP Paribas Real Estate advised RO and the purchaser was unrepresented.

Carlyle’s Court, a 19,207 sq ft mixed-use retail and office investment for £1.6 million to Rally Design. The property is located in the historic city of Carlisle and is fully leased to 16 tenants for a total net rent of £202,200 per annum. BNP Paribas Real Estate advised RO and the purchaser was unrepresented.

A 8,545 sq ft industrial investment in Jarrow which was sold at Allsop auctions for £207,500. The property comprises an industrial unit with its own service yard and is located on Shaftesbury Avenue within an established industrial estate, producing a yearly rent of £25,000. 

A 1,355 sq ft retail unit based at 2 St Thomas Square, Ryde, Isle of Wight. The property was sold to the Tenant privately for £185,000.

Richard Bourne, head of RO Real Estate, said: “These disposals follow the completion of our asset management programmes for each property, which included significant refurbishment/extension works and new lettings. We now have around £15-20 million to invest and will continue to invest in assets in strong micro-locations, across the south of England, which we believe will deliver us strong long-term income or which have the potential to add significant value.”

- Ends -

For further information:

Edward Rowlandson / Nick Moore, RO Real Estate 

01707 601400 / 0207 025 1780

info@rogroup.co.uk

Faye Walters, Tavistock
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 of England. 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.

www.rogroup.co.uk
www.rorealestate.co.uk

RO TRADES FIVE ASSETS

Huddersfield

13/07/15

RO Real Estate, the UK commercial property investment and development company, has completed the sale of five properties located mainly in the North East of England for a combined price of £5.46 million.

These sales are part of the Company’s ongoing strategy to dispose of non-core assets and reinvest the proceeds into core income and value-add opportunities in order to deliver a high-quality property portfolio with large capital growth potential and a secure income base.

RO has disposed of:

A 37,340 sq ft retail and office building in Huddersfield for £2.275 million to MCR Property Group. The property comprises five retail units on the ground floor with four storeys of offices to the upper floors. The building is located within easy walking distance of the central station, Kirklees College and the University of Huddersfield. BNP Paribas Real Estate advised RO and the purchaser was unrepresented.

A 25,143 sq ft modern single-let industrial warehouse unit in Sunderland for £1.193 million to Cole Real Estate. The property is located on Rainton Bridge Industrial Estate and is entirely let to Chemviron Carbon Ltd at a yearly rent of £110,400. BNP Paribas Real Estate advised RO and the purchaser was unrepresented.

Carlyle’s Court, a 19,207 sq ft mixed-use retail and office investment for £1.6 million to Rally Design. The property is located in the historic city of Carlisle and is fully leased to 16 tenants for a total net rent of £202,200 per annum. BNP Paribas Real Estate advised RO and the purchaser was unrepresented.

A 8,545 sq ft industrial investment in Jarrow which was sold at Allsop auctions for £207,500. The property comprises an industrial unit with its own service yard and is located on Shaftesbury Avenue within an established industrial estate, producing a yearly rent of £25,000. 

A 1,355 sq ft retail unit based at 2 St Thomas Square, Ryde, Isle of Wight. The property was sold to the Tenant privately for £185,000.

Richard Bourne, head of RO Real Estate, said: “These disposals follow the completion of our asset management programmes for each property, which included significant refurbishment/extension works and new lettings. We now have around £15-20 million to invest and will continue to invest in assets in strong micro-locations, across the south of England, which we believe will deliver us strong long-term income or which have the potential to add significant value.”

- Ends -

For further information:

Edward Rowlandson / Nick Moore, RO Real Estate 

01707 601400 / 0207 025 1780

info@rogroup.co.uk

Faye Walters, Tavistock
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 of England. 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.

www.rogroup.co.uk
www.rorealestate.co.uk