Hardington Capital

Hardington Makes London Debut with £6.75m Acquisition in the City

admin — Thu, 12 Oct 2023 11:05:09 +0000

St Mary Abchurch Hse, 123-127 Cannon Street, London EC4 is situated in a Prime Central London location, close to Bank interchange and St Paul’s.

The property benefits from excellent transport connections, being located within a 30 second walk to both Cannon Street and Bank Stations.

The building, an attractive, Grade II listed, terracotta building providing approximately 13,106 sq ft GIA, of office, retail and bar / restaurant accommodation arranged over Lower Ground, Ground and five upper floors. The upper parts have been acquired with vacant possession and have planning consent for conversion to 20 residential serviced apartments and roof terrace.

The ground floor retail space will now be offered to let and is ideally suited for use as an F & B outlet. The well renowned Harry’s Bar occupies the basement on a long lease through to 2039.

Hardington Makes Midlands Acquisition

admin — Wed, 06 Sep 2023 15:47:24 +0000

Hardington Capital has recently completed the acquisition of Castle & Pedmore House at Merry Hill, Dudley.

Let to the Dept of Work & Pensions, an undoubted Government covenant, we were able to acquire the buildings for a substantial double digit net initial yield. The asset will form a core part of our income strategy.

Italian Success for Hardington Capital

admin — Tue, 22 Aug 2023 14:54:18 +0000

Hardington Capital has achieved a substantial rent increase on a logistics investment bought last year near Florence.

Following a review of the rent we achieved a 20.89% increase taking our gross yield on this asset to over 10%.

120,000 sq ft Florence Warehouse Acquired

admin — Thu, 13 Oct 2022 09:43:42 +0000

Hardington Capital has acquired a large industrial warehouse building on the outskirts of Florence, Italy. The distribution warehouse is circa 120,000 sq ft and is let in its entirety to Verallia.

The building was acquired at a NIY of circa 7.56%

Inflation Linked Rent Increase At 8.96%

admin — Thu, 13 Oct 2022 09:26:56 +0000

Hardington Capital has agreed a rent increase of 8.96% following rent review. The review was based on an uncapped CPI review mechanism.

Income Secured With New Lease Signed Till 2030

admin — Fri, 01 Jul 2022 07:39:46 +0000

Hardington Capital has agreed a new lease with the Welsh Ministers in Newport. The new lease continues our good relationship and secures income in the investment till 2030.

Jandy Ewins Joins Hardington Capital

admin — Wed, 01 Jun 2022 07:37:06 +0000

Jandy Ewins joins Hardington as office manager and brings a wealth of experience, having previously worked at LCP and Foxtons. Jandy will focus on introducing efficient practices into the Hardington workplace and aims to expand our ESG strategies.

Patrick Church Joins Hardington Capital

admin — Sun, 01 May 2022 07:35:43 +0000

Patrick Church has joined Hardington as an investment manager. Patrick will focus his time on actively asset managing the existing portfolio as well as searching for prime investment targets across the UK & Europe. Patrick brings with him 10 years of property investment experience and forms an exciting new addition to the team.

Bristol Office Acquired by Hardington Capital

admin — Wed, 01 Sep 2021 21:50:59 +0000

Hardington Capital has acquired a small office building on the popular Aztec West Business Park win Bristol. The 2 story building, circa 6,800sqft, is currently let to Inty Ltd, a global IT cloud services provider.

The building was acquired at a NIY of circa 8.75%

BAE Building Acquired by Hardington Capital

admin — Mon, 07 Jun 2021 14:42:25 +0000

Hardington Capital has completed the acquisition of the BAE Systems building in Yeovil, Somerset.

The building, let to BAE Systems (Operations), comprises 51,700 sq ft of offices with just over six years remaining on the lease. BAE Systems is a global aerospace and defence company with close ties locally to Leonardo (Westland Helicopters) and the MOD at RNAS Yeovilton.

The acquisition marks a further acquisition for Hardington’s Propco Fund portfolio.

The buildings were bought pre-marketing at an net initial yield in excess of 8.5% for circa £7.8M.