News

Adapt Real Estate have announced completion of two off-market Acquisitions for UKRO for a combined sum of £18.25m

The Mercantile Building, Bothwell Street, Glasgow totals c.68,000sqft and is an attractive, multi-let property in the heart of the traditional office core with tenants including Sainsburys, RPS and Morisons Solicitors. The property has 33% vacancy, giving the opportunity for significant asset enhancement. The property has been acquired from funds advised […]

Adapt Real Estate and Ship Street Advisors have announced a first close of the UK Regional Office Partnership “UKRO”

ADAPT Real Estate and Ship Street Advisors, a Hong Kong based Investment Advisor, have announced a first close of the UK Regional Office Partnership (“UKRO”). With investor commitments of £30.0m the goal is to deploy UKRO’s equity pool together with debt and assemble a portfolio of between 10-15 city centre […]

Rotterdam House, Newcastle

ADAPT Real Estate working alongside Ship Street Advisors and acting on behalf of UKRO, has acquired Rotterdam House in Newcastle from a private overseas investor. The property was purchased for £10.1 million, reflecting a net initial yield of 6.50% and capital value of c.£280 per sq ft. Prominently located on […]

PROFESSIONAL TEAM APPOINTED FOR TWERTON PARK REDEVELOPMENT

The appointment of the core professional team by ADAPT Real Estate on behalf of Bath City Football Club and Greenacre Capital in respect of the proposed redevelopment of Twerton Park has received significant local press interest: https://www.bathchronicle.co.uk/news/bath-news/architects-appointed-major-twerton-park-1272219 https://www.insidermedia.com/insider/southwest/project-team-appointed-for-bath-city-stadium-redevelopment https://www.bathecho.co.uk/news/community/local-project-team-revealed-redevelopment-twerton-park-bath-77308/

MAJOR PLANNING APPLICATION SUBMITTED IN KENT

A major planning application has been submitted to Thanet District Council in respect of a 95 acre, residential led development at Westwood Cross. James Taylor of ADAPT Real Estate, who co-ordinated the application comments, “After extensive site investigations, public consultation and engagement with both the Local Authority and Kent County […]

Adapt Real Estate acquire Prominent City Centre Building

ADAPT Real Estate working alongside Ship Street Advisors and acting on behalf of UKRO, a Jersey domiciled fund, has acquired its second asset in Park Row House in Leeds from a global real estate investment manager. The property was purchased for £8.70 million, reflecting a net initial yield of 5.50% […]