The Property Ticker Colonial 1Q; Unite; Demand for bigger offices is defining London market; London Greenwich estate hits market for £80.2m; Blackstone, Proudreed complete industrial deal...and more

Research evidence excerpt

The Property Ticker Colonial 1Q; Unite; Demand for bigger offices is defining London market; London Greenwich estate hits market for £80.2m; Blackstone, Proudreed complete industrial deal...and more

7,635 sq ft estate comprises 62 retail units,

three pubs, three office suites, 62 apartments and 10 houses, generating £5.57m annual

income (£3.58m net commercial; £1.99m gross residential); the pricing implies a 7.0%

net initial yield (8.25% reversionary) on the commercial element and a 6.16% gross initial

yield on the residential element (c. £470/sq ft). The commercial space is fully let or under

offer with occupiers such as Sticks’n’Sushi, Gail’s Bakery and Young’s, with a 7.6-year

WAULT to expiry (5.9 to break), and the agent highlights asset-management upside via

residential conversion, rental growth at lease events and further tenant-mix curation;

Greenwich Hospital is a naval-support charity founded in 1695. (Source: CoStar)

• Blackstone, Proudreed complete major industrial deal: Paris-based investment firm

Proudreed closed the sale of a French industrial portfolio to subsidiaries of Blackstone

in one of the country’s largest property deals of recent years. The deal is valued at about

€2.3bn and involves more than 500 industrial sites and projects across France, totalling

more than 2.2m square meters. New York-based Blackstone plans to accelerate

development at the acquired sites over the next five years to reach 115,000 to 120,000

square meters of new properties annually. (Source: CoStar)

• German property prices start 2026 with moderate gains: Germany’s real estate prices

increased at an annual rate of 2.2% in the first quarter, led by residential properties,

according to banking trade group VDP. Prices reinforced the upward trend of the past