Forge is pleased to have advised Redevco on the sale of 15–29 Redchurch Street, Shoreditch, London E2, following a highly competitive bidding process that generated strong interest from high-net-worth individuals, institutional funds, and overseas investors.

Positioned in the heart of Shoreditch, one of London’s most vibrant and creative neighbourhoods, the property occupies a prime urban location at the centre of the capital’s fashion, food, and nightlife scene.

The asset comprises a well-configured retail parades extending to approximately 6,400 sq ft (595 sq m), fully let to a curated line-up of contemporary fashion and lifestyle brands, with a WAULT of seven years.

This transaction underscores the depth of investor appetite for retail holdings in London’s most dynamic submarkets, particularly those offering secure income profiles, strong local amenities, and long-term rental growth potential.

Jonathan Mills commented:

“We were delighted to complete this sale on behalf of our long-standing clients, Redevco. The property attracted considerable domestic and international investor demand, which resulted in a competitive bidding process. Forge continue to be particularly active across the London sub-markets, both in an occupational and investment capacity.”

For further information on this transaction, or to discuss Forge’s upcoming sales and investment opportunities, please contact Jonathan Mills or Joe Baio.

Forge are pleased to have completed the sale of the Tesco Superstore in Drayton on the outskirts of Norwich Town Centre, acting on behalf of CBRE Investment Management.

The property extends to 22,000 sq ft and is let to Tesco on a lease expiring in 2032, subject to five-yearly index-linked rent reviews.

Jonathan Mills Commented:

“Having acted on the original acquisition over ten years ago, it was particularly rewarding to see the property through its full life cycle and deliver a successful exit for our client.”

Special thanks to Matt Beevor and Natalie Tanner at CBREIM for their valued instructions and continued collaboration.

For further information on this, or our upcoming sales, please contact Jonathan Mills or Joe Baio.

Forge are pleased to announce the successful sale of the Tesco Superstore in Limavady, Northern Ireland, on behalf of CBRE Investment Management.

The property comprises a well-configured 37,000 sq ft dominant foodstore, let to Tesco on a lease expiring in 2031, with five-yearly open market rent reviews.

Jonathan Mills commented:

“It was a pleasure to support CBRE Investment Management in achieving a successful outcome in what was a highly competitive bidding environment.”

Particular thanks to Matt Beevor and Natalie Tanner at CBRE Investment Management for their valued instructions and collaboration.

Forge are currently advising on a number of similar foodstore investment opportunities. For further information, please contact Jonathan Mills or Joe Baio.

Forge are pleased to have advised Daily Mail Pension Fund on the disposal of the M&S Food in Summertown, Oxford.

The property is let to M&S until October 2034, and the passing rent is subject to five-yearly CPI-linked reviews (collared and capped at 1% – 3%, annually compounded).

Joe Baio commented:

“We are pleased to have secured a strong exit on behalf of our client, having generated competitive tension after a full marketing process. This sale marks the latest in a series of successful foodstore disposals in which Forge has acted. Many thanks to Philip Hay who acted on behalf of the Purchaser, a private family office.”

For further information on this, or our various upcoming sales, please contact Joe Baio or Jonathan Mills.

Forge are pleased to have acted on behalf of a private investor in the acquisition of 16–20 Northumberland Street, Newcastle.

This substantial four-storey freehold property occupies a prime position on the city’s main pedestrianised retail thoroughfare, directly opposite Fenwick.

The asset is let to NatWest on a lease expiring in December 2027, at a passing rent of £545,720 per annum.

Joe Baio commented:

“We’re pleased to have advised the purchaser in what was a competitive bidding process, which included owner occupier interest. Forge is exceptionally active in Newcastle at the moment, with our investment, leasing and lease advisory teams all currently engaged in multiple live deals – particularly along the prime stretch of Northumberland street, where this property is located. Many thanks to JM+Co for their assistance, and to KLM, who acted on behalf of the vendor.”

For further information, please contact Joe Baio or Jonathan Mills.

Forge are delighted to have advised on the sale of the Aldi on Rheims Way, Canterbury.

The property is let to Aldi, with just under seven years unexpired. The rent is subject to an upwards-only, RPI-linked rent review in July 2027 (collared and capped at 0%–3%, annually compounded).

As always, it was a pleasure to act on behalf of Jaspar Group and Sam Stickler. Many thanks also to Martyn Emmens for his expert legal advice.

It was great to work with George Trimmer of Savills, who acted for the purchaser — a listed property company.

For more information, or to discuss similar opportunities, please contact Joe Baio or Jonathan Mills.

Forge recently acted on behalf of Wittington Investments on the sale of both 11 Market Street, Cambridge and 88/90 Parade, Royal Leamington Spa.

Both properties were acquired by a private overseas investor for a combined sale price that reflected a blended Net initial Yield of 6.50%.

Many thanks go to Daniel Kyriakides of Reed Smith LLP, who expertly handled the legal process in what was a very swift timetable to exchange of contracts.

Jonathan Mills commented:

“Having acted on the original acquisition of these two 100% prime High Street assets, we were delighted to conclude the successful sale for our long-standing client, WIPL. We received strong investor interest for both assets and were ultimately able to agree a portfolio sale to an overseas private investor, with the deal completing within a 5 day timetable.”

To discuss this, or our various upcoming sales, please contact Jonathan Mills or Joe Baio.

Forge are proud to have represented our client, in delivering Row on 5, Jason Atherton’s new flagship restaurant on Savile Row which received a Michelin star two months after opening.

We acted in an asset management and leasing capacity, securing an amazing new alternative occupier, which complements the tailoring heritage but also forms an integral part of the next stage of evolution for Savile Row.

Adam Robinson commented:  “The transaction required complex negotiations to vary Westminster planning protection policy, working with and alongside Savile Row Bespoke Association and Pollen Estate.

We take great pride in our ability to operate at the forefront of the Central London market, this being our second transaction with a Michelin star restaurant occupier in the last 18 months, following our letting to Mountain in Soho in summer 2023”.

To discuss this or other central London opportunities, please contact Adam Robinson or Liam Jones.

Forge are pleased to have advised Nuveen on the sale of Units 1-3, 131 Broadway, Bexleyheath.

Anchored by Primark for a further 11.5 years, the multi-let, Freehold parade is situated in a 100% prime trading position on Broadway.

Notable nearby occupiers include: Asda, Premier Inn, H&M, JD Sports and M&S.

Jonathan Mills commented:

“We were delighted to conclude this successful sale for our long-standing client, Nuveen. The property provides some of the best retail accommodation in Bexleyheath and is majority let to one of the most sought after covenants on the High Street. This was clearly reflected in the depth of investor demand that we received.”

To discuss this, or our various upcoming sales, please contact Jonathan Mills or Joe Baio.

Forge have advised on the sale of the Waitrose in Longfield, Kent.

The property comprises a 28,200 sq ft purpose built foodstore with 150 demised surface parking spaces. The store was recently fully re-fitted by Waitrose and provides full omni-channel services with both Click & Collect and home delivery.

The store is let to Waitrose Ltd for a further 19.5 years with a passing rent of £530,437 pa (reflecting £19.00 psf), subject to 5 yearly CPI linked rent reviews, with a collar and cap of 1% – 4% pa.

Jonathan Mills commented:

“Having recently advised on the purchase of the property as part of Project Sparta, an 11 asset Waitrose sale and leaseback portfolio, we were delighted to complete this sale on behalf of our client, M&G, at a material premium to the portfolio pricing, clearly demonstrating the continued appeal of long let foodstore income.”

To discuss this or other foodstore opportunities, please contact Jonathan Mills or Joe Baio.