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Acuitus has raised £18.79m at its 30 March auction, with shopping parades and arcades at the forefront of the sale.
The Arcade, Bedford
The freehold of the Arcade Shopping Centre in Bedford went under the hammer for £2.605m. The asset is nearly 100% occupied and produces a yearly rental income of £418,590.
Meanwhile, in Cirencester, Bishops Walk Shopping Centre was sold ahead of the auction for more than £3.1m, well above its guide price.
Meanwhile, a city-centre bank branch in Leicester let to HSBC until 2031 at an annual rate of £200,000, fetched £2.36m.
Finally, in Wallington, south London, a leasehold trade counter let to Screwfix until 2039 sold for £1.1m at a yield of 7.73%.
Acuitus’ chairman, Richard Auterac, said: “Perhaps the most noticeable trend at our auctions so far this year is the increasing internationalisation of our buyer base.
“We’ve sold assets to continental European and North American investors and this is likely linked to the persisting perception of the UK as a ‘safe haven’ for capital at a time of uncertainty in global markets.
“The huge buying power of overseas sovereign wealth and private equity houses is well-documented, but this is now being supplemented by acquisitive high net-worth individuals from across a variety of territories.
“For our domestic investors, continued volatility in equity markets and a lacklustre residential market are channelling a growing number of buyers to the opportunities presented by a diverse commercial property sector.”
The firm’s next auction will take place on 6 May at 1pm.
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