Forge has successfully advised Wittington Investments (WIPL) on the sale of 60-62 Northumberland Street, Newcastle.

The property occupies an exceptionally prominent, 100% prime position directly opposite the main entrance to Eldon Square, at the heart of Newcastle’s strongest retail pitch. It provides approximately 26,850 sq ft of well‑configured retail accommodation.

The asset is fully let to Deichmann Shoes and Cotswold Outdoor on two new 10‑year leases, secured at re‑based rental levels with a WAULT of 8.93 years to expiry.

Jonathan Mills commented:

“With Forge having recently completed the new letting to Deichmann Shoes, it was great to help our long-standing client, WIPL, capitalise on this and achieve a successful sales process. The property attracted considerable interest from a range of UK based and overseas investors, which resulted in a competitive bidding process, culminating in a successful sale to a French SCPI.”

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

Forge has advised CBRE Investment Management on the disposal of 35 – 40 The Quadrant, Richmond upon Thames.

The property occupies a prominent trading position on The Quadrant, located between Richmond Station and George Street, thus benefitting from consistently high levels of pedestrian footfall.

The ground floor parade provides 5,752 sq ft of well configured retail accommodation and is fully let to four popular national brands: Greggs, Flying Tiger, Flight Centre and Snappy Snaps.

Joe Baio commented:

“We were delighted to advise our client, CBRE IM, on the successful disposal of 35 – 40 The Quadrant. A full-scale marketing campaign generated a competitive bidding process, attracting both domestic and international capital and delivered a strong exit for our client. The transaction reflects the depth of investor demand for well-located High Street assets, even where comprehensive asset management has been delivered, but the long-term fundamentals remain compelling.”

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

Forge has advised on the successful sale of a long-let convenience food store investment at 83-85 Wallasey Village, in Wallasey.

The property is let to Co-Operative Foodstores Limited on FRI terms until April 2037, providing 12 years unexpired, with attractive annual fixed uplifts of 2.25%. The lease is guaranteed by Co-operative Group Limited, offering secure and growing income backed by one of the UK’s most established convenience operators.

The asset occupies a prominent position on the main A551 through Wallasey Village, sitting at the heart of a dense residential catchment. The substantial 0.83 acre freehold site, 9,359 sq ft of purpose-built accommodation and dedicated customer parking combine to provide a strong, accessible convenience offer in a well-connected coastal location.

Joe Baio commented:

“A hard-fought result for our valued client, LondonMetric, and we’re delighted with the outcome. The price achieved reflects a carefully executed marketing campaign that identified an overseas private investor with a specific requirement for well-let convenience store income.”

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

Forge are pleased to have acquired 5 Paddington Street, Marylebone, on behalf of a private family, following a competitive on-market process.

The property is situated in a prime Central London location, occupying a prominent position on Paddington Street, just a few feet from Marylebone High Street.

The micro location continues to strengthen, supported by recent high-quality openings nearby, including the Michelin-star mediterranean restaurant Lita.

The building comprises five storeys of attractive, mixed-use accommodation, totalling 3,431 sq ft, with commercial space at ground and basement level and residential accommodation on the three upper floors.

Joe Baio commented:

“We are delighted to have secured this rare freehold investment in Marylebone following a highly competitive bidding process. The property’s mixed-use profile and well-established income stream aligned precisely with the objectives of our long-standing private client, making this a particularly satisfying acquisition to deliver. This transaction caps a notably active year for Forge in the Central London market, reflecting a breadth of activity across our investment, agency and lease advisory teams.”

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