B8RE Hits the Back of the Net with the Sale of Liverpool Football Club Logistics Asset

Acting on behalf of clients of Swiss Life Asset Managers UK, B8RE has completed the disposal of a single let logistics warehouse in Huyton, let to Liverpool Football Club, to an institutional investor.  The 94,000 sq ft unit benefitted from 4.25 years term certain at a rent reflecting £5.02 psf and offering good reversion.

The asset attracted strong interest, resulting in two rounds of competitive bidding and achieving a significant premium to quoting price of £6.78m, 6.50%.

John Burrows, Investment Director at B8RE commented: “Having advised on the acquisition of the asset in 2016, B8RE are delighted to have remained involved throughout the client’s ownership, cumulating in the successful disposal at a premium to our quoting price.

The strong interest generated demonstrates that significant investor demand remains for well specified assets, let to strong covenants in core locations.  This is exacerbated by the current lack of industrial investment stock available within the market, restricting the opportunities available to investors.”

B8RE acted on Behalf of Swiss Life Asset Managers UK

Leo Nicholson of Gerald Eve acted on behalf of the Purchaser.