York-based Helmsley Group has bought £25m of property in the North of England in the last six-months for syndicates of private investors and pension funds.
The company has syndicated the purchase of assets including Corus’ new distribution warehouse in Haydock, Nike UK’s new headquarters in Tyne and Wear, Smith New newspaper distribution warehouse at Parkway, Sheffield.
It has also bought Cummins’ diesel engine repair warehouse in Stockton and Dickinson Dees solicitors' headquarters on the Quayside in Newcastle upon Tyne.
The investments have been syndicated to private clients, with no debt.
Helmsley Group said that all the properties were bought with leases of at least 10 years, with returns to syndicate members yielding between 7%-8.5% a year.
James Craven, director at Helmsley Group said: ‘The interest in commercial property syndication has increased dramatically in the last ten months with the depressed market presenting a number of opportunities.
‘With each acquisition – one of which was over £14m - we have syndicated the investment in less than seven weeks, demonstrating the demand for a medium to long-term investment with a secure income stream.’
The Helmsley Group has a £100m un-geared portfolio of properties.