News

Aldi buy site in Norwich

12th January 2022

Aldi have bought a 2 acre site within the Longwater Business Park at Costessey, Norwich.

The site sits just off the A47 within an established retail area, opposite Sainsbury's, next to the Next superstore and close to the Longwater Retail Park.

Aldi secured planning permission in 2021 and will be commencing construction later this year.

MP Real Estate acted for Aldi.

Gregory Moore Property acted for the vendor, Citygate Developments.


Ipswich supermarket sold to Farmfoods

18th November 2021

Aldi have sold their former store on Meredith Road, Ipswich, to Farmfoods.

The store became surplus to requirements following the opening of the new Aldi store on Europa Way in Ipswich.

The store provides circa 15,000 sq ft with 78 car parking spaces on a 1.093 acre site.

MP Real Estate acted for Aldi.

Peter Martin & Co acted for Farmfoods.


New Colchester Aldi opens

18th November 2021

Aldi have opened their new store at Stane Retail Park, Tollgate, Colchester.

Developed by The Churchmanor Estates Company plc, the 18,482 sq ft Aldi store joins B&Q who opened a few weeks ago with M&S Food and others opening in early 2022. The store replaces the pre-existing store on London Road which had become too small.

Upon completion, Stane Retail Park will provide 173,000 sqft of retail and 687 car parking spaces.

MP Real Estate acted for Aldi.

Gregory Moore Property acted for Churchmanor.


Investment strategy executed at auction.

5th November 2021

MP Real Estate, acting on behalf of Joseph King Holdings Limited, has completed the sale of 1 All Saints Street, Norwich.

The occupational lease was recently regeared to provide a 12 year term in preparation for sale.

The property was placed at auction with Allsop.

The sale forms part of the restructuring of the client’s property portfolio which has already seen the successful sale of assets in Holt and two properties in Great Yarmouth.

The vendor was represented by MP Real Estate and Allsop.


MP Real Estate Wins Q3 2021 CoStar Awards Quarterly Deals Recognition.

29th October 2021

CoStar Group, Inc., the leading provider of commercial real estate information, analytics and online marketplaces, today announced the CoStar Awards Quarterly Deals winners for the third quarter of 2021.

Andrew McGahey at MP Real Estate came out on top in the list of winners in Top Sales deals for the East of England.

CoStar Awards Quarterly Deals winners are determined by their top deals completed every quarter, based on price and square footage.

Andrew advised abrdn on the off-market disposal of the 120,000 sq. ft Castle Park Business Park in Cambridge.

Please help us congratulate Andrew McGahey on his CoStar Awards Quarterly Deals win for the third quarter of 2021.

For more information, visit: www.costarawards.co.uk/quarterly-deals/


MP Real Estate recognised in CoStar niche agents National league table.

12th September 2021

MP Real Estate has been listed in the CoStar Q3 2021 Niche Investment agents League Table.

The league table ranks all UK companies in order of investment transaction values for the preceding quarter.

MP Real Estate focus on delivering expert independent advice to their clients and this award is the result of long-term relationships with those clients.


Aberdeen Standard sells Castle Park Cambridge to Brydell Partners for £63 million

6th September 2021

Aberdeen Standard Investments, acting on behalf of Phoenix Life Limited, has completed the sale of Castle Park, Cambridge to Brydell Partners.

Castle Park extends to 122,000 sq ft, across 9 buildings and is let to tenants that include Tees Law, Amazon, Oracle Global Services Limited and Newable Office Space.

Aberdeen has undertaken a phased refurbishment programme of four buildings in the park, with a further property currently stripped out with planning permission to extend the building.

The sale price was £63,000,000.

The vendor was represented by MP Real Estate and the purchaser by Fineman Ross.


Frontier Estates sells Bishop's Stortford Care Home to Aberdeen Standard Investments

30th July 2021

Frontier Estates

78 beds

Quantum Care Limited £838,400 per annum (£10,749 per bed) 35 year lease Annual RPI rent reviews (1% & 4%)

Funding

£19,200,000 4.10% NIY

Part of Stortford Fields

Council of the Borough of South Tyneside

Frontier Estates was advised by MP Real Estate and Christie & Co with Aberdeen Standard advised by CBRE.


New Stowmarket Aldi opens

8th July 2021

Aldi have opened their new store on Gipping Way, Stowmarket.

Aldi acquired this derelict site from Columbia Threadneedle in 2018. The 2.84 acre site occupies a prominent location in Stowmarket town centre and adjacent to Travis Perkins and Wickes.

MP Real Estate acted for Aldi.

Bray Fox Smith acted for Columbia Threadneedle.


New Peterborough Aldi opens

10th June 2021

Aldi have opened their new store at Peterborough One Retail Park in Eye, on the east side of Peterborough.

The 18,500 sq ft Aldi store will be their 5th supermarket in Peterborough - with other branches in Hampton, Bretton, Stanground and at the Maskew Avenue Retail Park.

Peterborough One is home to Van Hage Garden Centre, The Works and Inflata Nation. Further phases proposed by Targetfollow include up to 30,000 sq ft of retail, leisure, pub and leisure space.

MP Real Estate acted for Aldi.

Savills and SPACE Retail acted for Targetfollow.


Newmarket Aldi opens

8th June 2021

Aldi have opened their new store at Exning Road, Newmarket.

Aldi bought the 4 acre site unconditionally in 2016. Earlier this year, Aldi sold circa 2 acres to Anchor Lifestyle Developments Ltd who will be delivering 69 residential extra care apartments in a 3 storey building along with 51 car parking spaces on the land behind the new Aldi.

MP Real Estate acted for Aldi.


Alua sells Ipswich industrial investment to CIFCO

26th May 2021

Alua Property Partnership LLP has completed the sale of Units 2-5 Cavendish Street, Ipswich to CIFCO Capital Limited.

CIFCO Capital Limited is the commercial property investment vehicle for Babergh and Mid-Suffolk District Councils.

Tenants on the estate include Screwfix and Ipswich Clutch Centre.

Alua Property Partnership LLP was advised by MP Real Estate and CIFCO by JLL.


Clare College completes mixed use graduate and private rented Cambridge development

11th May 2021

Clare College has completed the redevelopment of the St Regis site on Chesterton Road to provide the college with 85 student rooms, 15 studio apartments and 14 one and two bed flats fronting onto Hamilton Road, Cambridge.

The striking buildings provide modern graduate accommodation for the College and an income from the 14 flats on Hamilton Road.

MP Real Estate acted for Clare College in evaluating the options for the site, appointing and co-ordinating the delivery team and securing planning permission.


Premier Inn to open new hotel in Cambridge

26th April 2021

Premier Inn have agreed a pre-let for 25 years on a new build hotel adjacent to the Grafton shopping centre fronting East Road in Cambridge.

Planning permission has been approved for redevelopment of the existing bus turning circle and service yard to provide a new 153-bedroom hotel with ancillary restaurant.

The Grafton Centre is owned by Legal and General who appointed Cambridge based developer, Wrenbridge, as their development consultant. The Grafton Centre has recently been subject to a £28million refurbishment.

Construction of the new hotel is scheduled to commence in 2022.

MP Real Estate acted for Aldi.

Bidwells acted for Wrenbridge and Legal & General.


Business unit acquisition at Cranes Park, Ipswich

7th April 2021

Acting on behalf of IR-Entertainment Ltd, we acquired unit 33 at Cranes Park, measuring circa. 5,661 sq ft, within the new 140,000 sq ft development of industrial/warehouse units located within Ransomes Europark, Ipswich’s largest industrial area.

The development occupies a high profile business location, situated approximately two miles south east of Ipswich town centre with access to junction 57 of the A14. The development, which is adjacent to John Lewis and in close proximity to a variety of other retailers provides high quality business units with tree lined boulevards.

IR specializes in modelling the human face and body as closely and accurately as possible. Using state-of-the-art technology, to carry out face scanning, full-body scanning and data processing to create models that are as authentic and intuitively ‘right’ as possible. IR serves clients in the entertainment, games and marketing industries, as well as providing specialized models for use by medical companies and public sector organizations.

MP Real Estate acted for IR-Entertainment Ltd.

JLL acted for the developer, Chancerygate.


Newmarket care home site sold to Anchor

5th April 2021

Aldi have sold 2 acres of surplus land adjacent to their proposed new store in Newmarket to Anchor Lifestyle Developments Ltd.

The site is located on Exning Road on the edge of Newmarket town centre and next to the Newmarket Leisure Centre.

The new Aldi store is under construction and scheduled to open in Summer 2021.

Anchor will be delivering 69 residential extra care apartments in a 3 storey building along with 51 car parking spaces.

MP Real Estate acted for Aldi.


Joseph King sells Great Yarmouth recycling centre to EMR

15th March 2021

Joseph King Holdings has sold South Quay, Great Yarmouth to European Metal Recycling Limited (EMR).

The sale forms part of the asset management strategy of the group as it looks to recycle funds into more modern assets.

MP Real Estate is retained by Joseph King to asset manage the portfolio and secure new investment opportunities.

Joseph King Holdings was advised by MP Real Estate.


New Southern Police Station for Cambridgeshire approved by planners

11th March 2021

Cambridgeshire Constabulary has been granted planning for the development of the new Cambridgeshire South Police Station by South Cambridgeshire District Council.

The new police station in Milton will replace the existing facility at Parkside in Cambridge.

Area Commander for the south of Cambridgeshire, Superintendent James Sutherland said: “After a considerable planning and consultation process, we’re delighted to say that planning permission has now been granted.

"We are extremely excited about the new development and the opportunities it will provide us, including adequate cell provision, which will inevitably reduce travel and time costs allowing our officers to spend more time on patrol.

"We are grateful to everyone who has supported us with this project and we look forward to moving on to the construction phase of the project which we anticipate will start in December (2021) with a view to being operational in the summer of 2023."

MP Real Estate is advising the Cambridgeshire Constabulary.


Costa sign at Airport Business Park, Southend

5th February 2021

Costa have exchanged contracts for a new drive thru to be built at the entrance to the Airport Business Park in Southend. The Airport Business Park is being developed by Henry Boot Developments and Southend-on-Sea Borough Council with South East LEP as funding partner. Strategically positioned to provide quality business space accommodation adjacent to Europe’s fastest growing airport, the scheme will eventually provide up to 350,000 sq ft of commercial space on the 53 acre site. Airport Business Park benefits from roadside frontage to the B1013 Cherry Orchard Way, which connects to the A127 trunk roads to the north of the town. The Costa drive thru secured planning permission in January 2021 and construction is scheduled to begin later this Spring with an opening later this year. MP Real Estate acted for Costa Ltd. Kemsley LLP acted for Henry Boot Developments.

Aldi open in St Albans

14th January 2021

The new Aldi has opened in St Albans. Located on Griffith Way, opposite Sainsbury’s and adjacent to the Abbey View Retail Park and The Range, the scheme also provides a 46,313 sq ft unit for B&Q as well as a Costa Coffee drive thru. The Aldi store provides 18,567 sq ft and is their first in St Albans. Consolidated Property Group acquired the 7.1 acre site from National Grid and forward funded the development with LXi REIT. MP Real Estate acted for Aldi. CSP Retail acted for Consolidated Property Group.

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