news

8/6/21

Vengrove Realises West Midlands Industrial Investment

Vengrove has completed the sale of Link House, Halesfield 6, Telford to an undisclosed investor.

The 134,000 sq ft unit is let to Whittan Industrial Limited who manufacture storage equipment. They have been in occupation since 2002 and have a lease expiry in July 2027.

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.

12/3/21

Practical Completion Achieved on Behalf of Trust for London

Vengrove has completed the redevelopment of 6 Middle Street in the City of London to provide contemporary new office space that incorporates sustainable and inclusive design at its core.

The development provides Trust for London with a new high value asset, which will provide financial support in their work to improve some of London’s most pressing social issues.

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.

20/12/20

Practical Completion Achieved at 120 Moorgate

120 Moorgate now offers 79,500 sq ft of Grade A office accommodation which is being occupied by WeWork in its entirety. WeWork has secured The Merck Group as an anchor enterprise tenant on half of the space.

In addition, the ground and lower ground will be occupied by the premium gym operator, Third Space.

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.

8/7/20

Vengrove Secures Planning for Office in the Heart of Soho

Vengrove has secured planning permission for a 115,000 sq ft office scheme, with an ancillary food and beverage offer, at Film House in Soho.

Enabling works will begin in October 2020 and practical completion is set for May 2022.

6/4/20

Vengrove Completes Evolution Sale

Vengrove has sold a 200,000 sq ft logistics scheme on Agecroft Commerce Park, Salford to a global data centre operator for an undisclosed sum.

Evolution consists of two units that were built on a speculative basis to a Grade A institutional specification. The site was the last remaining plot at Agecroft Commerce Park and was originally acquired from the Homes and Communities Agency.