trending Market Intelligence /marketintelligence/en/news-insights/trending/ji8zf8mzunnqvmbvshhfaw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

St. Modwen looking to sell noncore regional portfolio for £59M

Commercial Real Estate: 2020 Review

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


St. Modwen looking to sell noncore regional portfolio for £59M

St. Modwen Properties PLC has placed its 24-asset Cygnet Portfolio of noncore regional properties in the U.K. on sale for £59 million, Property Week reported.

The portfolio spans 1.4 million square feet of space and has an annual rental income of more than £5.2 million. It comprises 67% industrial properties, 24% office space, 8% mixed-use and 1% alternatives.

According to the March 28 report, the guide price reflects a net initial yield of 8.3%.

Knight Frank has been appointed to sell the portfolio. The proceeds will be used in the company's commercial development pipeline, the report noted, citing a St. Modwen spokesperson.