Our team are well-connected to key players in the real estate industry but we always welcome new connections and opportunities.  We and our partners invest in commercial real estate assets which meet the following criteria:

  • sound commercial real estate fundamentals (i.e. asset quality, location, tenant credit strength (where applicable) and scarcity of supply);
  • ticket sizes of GBP 15,000,000 and GBP 100,000,000 (with exceptions on a case-by-case basis); and
  • sector agnostic but with preference for regional offices, ‘alternative’ sectors such as student accommodation, and select well-located retail.

 

The following deals illustrate some of our current assets under management:

LONG-INCOME RETAIL LET TO TESCO

FLAGSHIP LONG-INCOME ASSET IN WALES

PORTFOLIO OF STRATEGICALLY LOCATED M&S STORES

GBP 100 MILLION WEST LONDON OFFICE ACQUISITION

PRIME LONDON HOTEL ACQUISITION

FLAGSHIP RETAIL ASSET IN CARDIFF

LONG-INCOME RETAIL LET TO TESCO

In February 2018, we acquired the 149,000 sq. ft. Tesco Extra supermarket in Oldham for in excess of £50 million on behalf of a Qatari institutional investor.

An accompanying retail parade was included in the deal between us and the vendor, Bowmer & Kirkland.  More than 90% of the income was secured against Tesco, which had in excess of 16 years left to run on its lease.  This deal, which was structured as a corporate acquisition, marked a great start to 2018 and continues our strong momentum in the commercial real estate sector.

FLAGSHIP LONG-INCOME ASSET IN WALES

In October 2017, we acquired a flagship freehold department store building in Swansea for £15,000,000.

The 158,000 sq. ft. property is located on the southern side of the Quadrant Shopping Centre and is the main anchor store.  It trades over two floors and is entirety leased to a well-known covenant until February 2078.

PORTFOLIO OF STRATEGICALLY LOCATED M&S STORES

In August 2017, we completed the acquisition of a five-property portfolio on behalf of a Qatari financial institution for consideration in excess of GBP50 million.

All five of the properties within the portfolio are leased to Marks & Spencer until March 2027 and benefit from annual fixed rental uplifts. The five locations are all regarded as well performing stores for M&S and are outside of the recently announced estate review programme.

GBP 100 MILLION WEST LONDON OFFICE ACQUISITION

Rosette has recently advised a leading international investment company to complete its acquisition of a £100,000,000 West London office asset.  Our proactive transaction management team ensured that the deal exchanged and completed ahead of the contractual timeframe and our asset management specialists are currently delivering a superior risk-adjusted return to our investors for the duration of the investment hold period.

PRIME LONDON HOTEL ACQUISITION

Rosette has successfully acquired a prime London hotel on behalf of a UHNW Middle Eastern investor for a consideration in excess of GBP 40,000,000.  The 140 room asset is located in a primary West London conurbation and has recently benefitted from full refurbishment and repositioning as a discerning and upmarket hotel.  Rosette acted as investment advisor to its valued client and worked collaboratively with all parties to ensure a seamless exchange and completion.

FLAGSHIP RETAIL ASSET IN CARDIFF

Rosette acted as structuring advisor to a group of Middle Eastern investors on their acquisition of a flagship retail store in Cardiff from M&G Real Estate on an off-market basis for £37,000,000.  The asset is let to a global covenant with a lease term of 23 years, and is one of Cardiff’s most recognisable buildings providing over 275,000 sq. ft. of retail accommodation.  This deal represents Rosette’s tenacity to act in varied roles across the real estate investment management space.  Rosette’s role in this transaction was limited to acting as deal structuring advisor.