news

12/4/21

Vengrove Launches Newly Refurbished Industrial Unit in South London

Vengrove has completed the refurbishment of Unit 1, Kangley Bridge Road, Sydenham and commenced marketing the unit for occupation.

The asset, recently acquired with vacant possession, comprises 13,000 sq ft and is situated in one of South East London’s core last mile industrial locations.

8/3/21

Vengrove in Liverpool Logistics Sale

Vengrove has successfully completed the sale of Space 170, Liverpool for £11m, equating to a net initial yield of 6.5%.

The 170,000 sq ft logistics unit is let to regional 3PL operator, Kammac and is located on Edge Lane which is the main arterial route to Liverpool from the M62.

4/3/21

Vengrove Sells West Midlands Industrial

Vengrove has completed the sale of Units A-D, All Saints Road, Wednesbury to a private investor.

The asset totals 154,000 sq ft and is occupied in its entirety by Speciality Steel Limited, who recently agreed a lease extension to a 15 year term.

21/12/20

Vengrove Completes North East Logistics Sale

Vengrove has completed the sale of Units A & B, Hall Dene Way, Seaham. The sale followed the successful regear of both leases where the average unexpired term was extended to beyond 5 years. A capital expenditure improvement programme was also undertaken to Unit A.

10/9/20

Vengrove Leads Dark Kitchen Series A Funding Round

Vengrove has completed an investment into dark kitchen operator, Karma Kitchen. In addition, Vengrove has agreed a collaboration to acquire commercial real estate which gives Karma Kitchen the ability to accelerate their expansion plan.

3/11/19

Vengrove Sells North West Industrial Single Let

Vengrove has successfully completed the sale of Derwent House, Workington. The sale followed a lease regear whereby the tenant, Acco UK Limited, committed to a new 10 year lease.

The 46,000 sq ft industrial unit formed part of a portfolio acquisition in the summer of 2018 and is the third asset to have now been sold.

3/11/19

Multi-Let Industrial Estate Acquired in West Midlands

Vengrove has acquired Bloxwich Industrial Estate, Walsall for £7.05m.

The multi-let industrial estate comprises seven industrial units arranged as a single terrace extending to 143,000 sq ft. Vengrove has now commenced a capital expenditure programme to institutionalise the common parts, modernise the existing units and let the vacancy, which represents 40% of the estate by floor area.

3/11/19

Vengrove in Multi-Let Industrial Acquisition

Vengrove has purchased Tokenspire Business Park, Beverley from Regional REIT for £11.1m.

The multi-let industrial estate comprises 310,000 sq ft across multiple units and 24.4 acres. The estate is let to 33 tenants with no single occupier representing more than 20% of total income. There are a mix of unit sizes, from 1,000 sq ft to 50,000 sq ft, providing exposure to a wide range of leasing volume as well as offering flexibility to accommodate occupier expansion.

Vengrove intends to begin the necessary refurbishment programme as well as develop 40,000 sq ft of new build industrial.

19/10/18

Vengrove Grows Urban Logistics Portfolio

Vengrove has acquired an industrial asset in Warrington from global logistics company, XPO Logistics.

The property comprises 168,000 sq ft across three industrial units and an office and is currently occupied by XPO Logistics who will be vacating the property in Q1 2019. Vengrove plans to re-position the asset by demolishing one of the units and the office as well as refurbishing the remaining two units over a three-month period.

The refurbished units will be ready for occupation by the end of Q2 2019. One of the units will be of 78,000 sq ft and the other unit has optionality to provide space between 9,000 and 45,000 sq ft. CBRE and B8 Real Estate have been appointed by Vengrove, as letting agents.

15/8/18

Vengrove Partners with Charity Ark on Mixed-Use Redevelopment in Shepherd’s Bush

Vengrove has partnered with Ark and Hammersmith & Fulham Council on EdCity, the redevelopment of Ark Swift Primary Academy and Harmony Neighbourhood Nursery to create an ambitious new mixed-use development with a focus on education.

EdCity will consist of a redeveloped two-form entry Ark Swift Primary Academy, a 75-place nursery for Harmony Neighbourhood Nursery, a Youth Zone centre and an expanded Adult Education and Community Learning Centre. Additionally, 97,000 sq ft of affordable office accommodation will be created, to be set aside for education and social innovation charities. The goal is to create an education hub in West London, where like-minded and mission-aligned organisations can collaborate to enact positive change. The hub will also include 132 residential units, of which 50% will be affordable housing.