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WHR Property Consultants LLP

Investment Consultancy

The award winning WHR Investment Consultancy Department advises major Institutional Clients as well as Property Companies, Overseas Investors and Private Clients

MEET THE TEAM

Investment Acquisition

WHR work with major Institutional clients, Property Companies, Developers and private investors to identify and acquire investment property. We ensure a ‘hands-on’ approach and an in-depth understanding of our clients’ specific property requirements which enables us to achieve optimum results when implementing an agreed investment strategy.

Our thorough understanding and continued involvement in our markets has enabled us to build a reputation for proactively identifying off-market opportunities and handling complex transactions. We work closely with our strong agency teams to ensure we provide extensive and considered advice to our clients.

Investment Disposal

Our reputation for consistently achieving exceptional results from our investment sales has been achieved through our creative, enthusiastic and committed approach to each instruction.

Every property investment has unique characteristics and we treat each sale accordingly, tailoring the marketing campaign to maximise value whilst working with our clients to satisfy their requirements in respect of timing, confidentiality and method of sale.

We undertake significant pre-marketing due diligence to identify and deliver additional value through our advice on lease structures, tenant negotiations and development / redevelopment, which optimises the sales process and capital receipt.

Asset Management

WHR offer an asset management service to enhance value through strategic advice to private clients, banks, property companies and institutional clients.

We believe that pro-active asset management provides significantly enhanced returns to our clients whilst reducing risk. We are focused on identifying and implementing innovative solutions to maximise the performance of both individual property assets and portfolios owned by our clients.

As well as letting and landlord and tenant initiatives, our activities extend to advising, appraising and implementing change of use, refurbishment, extension and redevelopment projects.

Funding and Joint Venture Consultancy

WHR have extensive experience in in Development Funding and Joint Ventures.

Our role is either seeking finance on behalf of a Development or Property Company who require a Partner to undertake a speculative or pre-let development, or alternatively advising a prospective Funding Partner on the viability of a potential new scheme.

We have a substantial track record in creating innovative financing structures for both speculative and pre-let development opportunities, acting for both funders and developers.

CASE STUDIES

Ship Canal House, King Street, Manchester

Ship Canal House, King Street, Manchester

WHR advised on the acquisition of a prime city centre office extending to 71,000 sq ft on behalf of HIMOR Group for a sum of £22.8m representing a net initial yield of 6.7%. Within 3 years of acquisition, WHR acted for HIMOR to dispose of the asset for a price of £26.01m, reflecting a net initial yield of 5.21%.

Peter House, Manchester

Peter House, Manchester

Acting on behalf of an Israeli investor, Mayer Real Estate, WHR have acquired a 95,000 sq ft central Manchester office building in the sum of £14.8m representing a net initial yield of 7.6%. Within 3 years, WHR sold the asset for £23.75m.

Acquisition Service

Commercial Buildings, Cross Street, Manchester

Acting on behalf of a private investor, WHR advised on the acquisition of a prominent city centre office and retail building with significant development potential, for a sum of £5.1m. Within 12 months, WHR had secured a sale to a hotel operator for a price of £6.3m.

St James House, Manchester

St James House, Manchester

Disposal of prime, Grade A office building on behalf of a private client. The property was acquired by BA Pension Fund for £20.9m which reflected a net initial yield of 6.2%.

Acquired more than a decade before, WHR provided refurbishment, development and leasing advice over this period, allowing the client a profitable exit.

20-38 High Street, Manchester

20-38 High Street, Manchester

WHR acquired a prominent mixed use building in need of refurbishment / redevelopment, on behalf of a private client. The building was acquired from receivers for a sum £4.28m.

After the acquisition, WHR worked with the purchaser and the rest of their team on highlighting and maximising the development potential of the asset, consolidating a wide variety of mixed use options including residential, retail, leisure and hotel.

WHR then advised on the sale of the asset for £8.75m, approximately 9 months after the original purchase, with minimal client expenditure during the period of ownership.

St Georges House

St Georges House

Originally purchased for WHR clients in 2011 for £5m. WHR immediately project managed the building refurbishment and secured a letting over 4 floors to Travel Jigsaw.

In 2014, WHR acted on the disposal of the building for £8.7m.

Smithfield Buildings

Smithfield Buildings

Acting on behalf of Urban Splash, we advised on the disposal of this prominent city centre retail/leisure investment in the Northern Quarter. The property was acquired by Kames Capital for £8.14m which reflected a net initial yield of 7%.

The property was marketed in a very controlled and short timescale and achieved a level that was significantly in excess of original aspirations.

Central Investment Portfolio

Central Investment Portfolio

Acting on behalf of LPA Receivers, Duff and Phelps, we implemented an asset management strategy to maximise the value of a distressed property portfolio. A portfolio of 9 properties was sold over a 12 month period achieving a combined lot size in excess of £11.5m.

Carrington

Carrington

A highly complex acquisition from shell involving a combination of development, investment and professional services expertise working in a multidisciplinary team. The acquisition included a commercial element incorporating a Business Centre a site of nearly 22 acres extending to over 140,000 sq ft, together with a commercial site extending to over 100 acres producing a significant income and a variety of uses. In total the site produced an income of over £2.5m pa and also incorporated approximately 1,100 acres of agricultural land taking the whole site up to approximately 1,200 acres representing an important strategic development opportunity.

55 Spring Gardens, Manchester

55 Spring Gardens

Acting on behalf of Linder Myers, WHR advised on the disposal of the 47,500 sq ft office building as a sale and leaseback. The building was purchased by CBRE Global Investors for £11.6m.

100 Barbirolli Square

100 Barbirolli Square

Acting on behalf of Oaktree Capital and Moorfield Group, WHR advised on the acquisition of a Manchester landmark - 100 Barbirolli Square. The property extends to 141,957 sq ft Grade A office building for £41m, reflecting a net initial yield of 8.85%.

Magnum Trade Park

Magnum Trade Park

Acting on behalf of Beva Investments, WHR advised on the disposal of this modern trade counter investment in Rochdale. To CBREi investors.

WHR achieved a price of £3.4m reflecting a net initial yield of 8.9% which was well in excess of initial asking price.

Stakehill

Stakehill

Acting on behalf of Commercial Estates Group, WHR acquired Stakehill Industrial Estate for £20.8m. Stakehill Industrial Estate comprises 2.5m sq ft of space on 200 acres, strategically located close to the M62, making it one of the key logistics locators in the North West.

PPE Limited, Greenbank Industrial Estate

PPE Limited, Greenbank Industrial Estate

Acting on behalf of Beva Investments, WHR advised on the disposal of a modern industrial unit for £2.4m which reflected a net initial yield of 11.52%.

The investment had an unexpired term of 2.5 years and comprises a modern single let warehouse unit extending to 58,561 sq ft located on Greenbank Way Industrial Estate, Blackburn.

KFC Drive Thru, Chester Way, Northwich

KFC Drive Thru, Chester Way, Northwich

Acting on behalf of a private client WHR advised on the disposal of a modern KFC Drive Thru investment. The property sold for £825,000, reflecting a net initial yield of 6.93%.

Centurion Way, Leyland

Centurion Way, Leyland

Acting on behalf of Mutley Properties we advised on the acquisition of a modern industrial investment. The property was let to the NHS Property Service Limited. The property was acquired for a lot size in excess of £750,000.

1 New York Street, Manchester

1 New York Street, Manchester

Acquisition of prime city centre investment extending to 109,000 sq ft for £42m on behalf of Invesco Real Estate.

Protego Industrial Portfolio

Protego Industrial Portfolio

Acting on behalf of Langtree Plc we acquired an industrial portfolio consisting of 6 Industrial Estates extending to approximately 500,000 sq ft with in excess of 60 tenants.

40 Springardens, Manchester

40 Springardens, Manchester

Disposal of prime city centre office on behalf of HIMOR. The property acquired by Climate Change Capital for a price in excess of £45m.

55 Degrees North, Newcastle

55 Degrees North, Newcastle

Acting on behalf of Buccleuch Estates, WHR advised on the acquisition of a mixed use development for the sum of £5.625m. The property consists of a mixed use leisure and office development together with freehold interest in 165 flats.

Homebase, Bredbury

Homebase, Bredbury

Acting on behalf of overseas investors, WHR advised on the acquisition of this pre let, non food retail unit for £12m.

The unit comprises a newly developed unit extending to 40,000 sq ft together with a garden centre.

The unit is let to Homebase for a term of 20 years.

Stonecross

Acting on behalf of Threadneedle, we advise on the acquisition of this industrial investment from Maple Grove for £7.43m. The property comprises a modern industrial estate extending to 130,820 sqft.

Alba

Alba

North West based industrial portfolio - 6 industrial estates, extending to 43,496 sq m (468,194 sq ft) with in excess of 50 tenants. Sold on behalf of Langtree Group Plc.

Towers Business Park

Towers Business Park

Prime Business Park extending to 27,084 sq m (291,539 sq ft) acquired on behalf of Dutch investor, Relovast BV.

WHR later acquired the estate again on behalf of Moorfield Group for a sum in the region of £47m.

The Pinnacle, King Street, Manchester

The Pinnacle, King Street, Manchester

Prime City Centre office building sold to Legal & General on behalf of Property Alliance Group.

Hindley Green Industrial Estate, Wigan

Acting on behalf of overseas investors, we advise on the acquisition of this industrial estate for £9.5m, representing a net initial yield of 8%.

The estate was developed over a number of years and extends to 371,000 sq ft.

Acquisition Service

Hexagon Tower, Blackley

Multi-let 172,000 sq ft. Office/laboratory facility sold to Mars Pension Fund for close to £13m.

MIOC, Mancheser Airport

MIOC, Mancheser Airport

Multi-let office sold for in excess of £16.5m.

Liners House, St Ann's Square, Manchester

Liners House, St Ann's Square, Manchester

Bank and office premises let to Barclays Bank - acquired for close to £7m.

International House, Deansgate

International House, Deansgate

Multi-let retail office premises - acquired for close to £7.5m.

Sainsburys, Stakehill Industrial Estate, Middleton

190,000 sq ft distribution facility acquired for £6.8m.

101 Barbirolli Square, Manchester

101 Barbirolli Square, Manchester

The sale of an 85,400 sq ft office building in central Manchester on behalf of Hermes for a figure in the region of £30m representing a net initial yield of below 7%.

Deva Centre, Salford

Deva Centre, Salford

Acting on behalf of Towerbeg, part of the Benmore Group, WHR have sold a 76,000 sq ft urban business village in Salford for a figure in excess of £10m representing a net initial yield of 6%. The property was purchased by Highcross Strategic Investors.

55 Spring Gardens, Manchester

55 Spring Gardens, Manchester

Acting on behalf of Hermes Fund Managers representing the British Telecom Pension Fund, WHR have sold a 47,500 sq ft central Manchester office building for a figure in the region of £8.5m representing a net initial yield of 9%.

Hattersley Centre, Ormskirk

Hattersley Centre, Ormskirk

Acting on behalf of Pendle Bracken, WHR have sold the Hattersley Centre, Ormskirk. A 73,000 sq ft retail and trade park for £10m representing a net initial yield of 7%.