News & Press Releases
News
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Columbus Capital restructures Gracechurch Street head lease with the Fishmongers' Company
3 February 2012
Columbus Capital Management LLP (Columbus) has completed a £26 million restructuring of the head lease of Lombard House at 33 Gracechurch Street, London EC3 with the Fishmongers' Company.
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Pan Asian Buffet Restaurant Opening at Sunniside Leisure, Sunderland
27 January 2012
A new Pan-Asian buffet restaurant is opening for business at Sunniside Leisure, High Street West, Sunderland. Columbus Capital, advised by BNP Paribas Real Estate and Pudney Shuttleworth, has let the 13,000 sq ft two-storey restaurant to Kandaya Limited trading as Dozo. The lease is for a 20-year term at £94,500 per annum.
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Columbus UK Real Estate Fund closes on £320m and acquires another City of London office
25 November 2011
Columbus UK Real Estate Fund, advised by Columbus Capital Management LLP, has completed its final equity closing taking the total equity raised to approximately £160m. Additional fund capital has come from two large global investors whilst a UK corporate pension fund has made a co-investment commitment. This equity, together with senior debt, has given the fund up to £320m to invest, half of which has already been deployed.
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Columbus Capital acquires leading London Industrial Portfolio
5 August 2011
Columbus UK Real Estate Fund, advised by Columbus Capital Management LLP, has acquired the entire property holdings of London industrial specialist Alycidon Investments Ltd. The purchase price of approximately £15 million reflects an initial yield of 8.6% and a capital value of £65 per sq ft.
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Columbus Capital acquires Stockland Ventures portfolio for £50m
8 July 2011
Columbus UK Real Estate Fund, advised by Columbus Capital Management LLP, has acquired the remaining assets of Stockland Ventures Limited for approximately £50 million reflecting an overall yield of approximately 7%. The assets consist of two Central London office buildings and a shopping centre in Eastbourne, Sussex.
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Columbus Capital and Chester Properties acquire Clyde Retail Park in Glasgow
27 May 2011
Columbus UK Real Estate Fund, advised by Columbus Capital Management LLP, has acquired the Clyde Retail Park in Glasgow*, from the UBS Triton Fund, in a joint venture with Chester Properties. The purchase price of £19.1 million reflects an initial yield of 7.9% and a capital value of £135 per sq ft. The same joint venture bought the Brandon Centre, Motherwell in May last year.
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Columbus Capital creates joint venture with British Airways Pension Fund for City of London purchase
20 August 2010
Columbus UK Real Estate Fund, advised by Columbus Capital Management, has formed a new 50:50 joint venture with the British Airways Pension Fund to acquire Austin Friars House, London EC2. The purchase price of £25 million reflects a yield of 7% and a capital value of £420 per sq ft.
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Columbus Capital finances AMF Bowling’s takeover of Hollywood Bowl
16 August 2010
Columbus UK Real Estate Fund, advised by Columbus Capital Management, has completed a purchase and leaseback of nine family entertainment centres from AMF Bowling. This combined with an equity investment from Close Brothers Private Equity Capital (CBPE Capital), has financed AMF’s simultaneous acquisition of its main rival, Hollywood Bowl, from Mitchells and Butler plc.
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Columbus Capital and Chester Properties join forces again
25 May 2010
Columbus UK Real Estate Fund, advised by Columbus Capital Management, and Chester Properties Investment Partnership, advised by Chester Properties, have formed a new joint venture to acquire The Brandon Shopping Centre in Motherwell from CALA Properties for an undisclosed sum.