News

  • Promotions

    After 9 years with the Foundation Property & Capital group, Ben Lansman has been promoted to Group Managing Director.

  • Weymouth Completion

    Following remediation of the former petrol station, 4,100 sq ft retail space has been created at the former PFS in Weymouth. Unit A was pre-let to the Co-operative Group Ltd on a 15 year lease with no breaks. Unit B will shortly be let to a national retail operator. The remaining stand alone unit is being sold separately to an owner occupier.

  • Bristol Purchase

    As part of Foundation’s ongoing commitment to assist The Ethical Property Company expand its portfolio of Managed Office Buildings for Charities, we have advised on the forward purchase of a new 16,500 sf office building in the acclaimed Paintworks development. The building will be completed later this year and become Ethical’s 24thManaged office building for charities, social enterprises and voluntary organisations.

  • Lettings in Hove

    Foundation’s FPC Convenience No. 1 managed fund has completed 2 lettings of its Hove mixed use asset following some minor construction works, bringing the property to 100% occupation. Unit A has been historically let to Sainsbury’s. Unit B was let to St Vincent de Paul on a 15 year lease with a break at year 5 & 10. Unit C was let to Costa on a new 10 year lease, without breaks.

  • Devon Energy Investment Purchase

    Foundation’s FPC Industry & Enterprise managed fund has completed the purchase of 2 reserve power property investments in Devon, U.K.

  • Hove Sale

    Foundation’s FPC No.8 managed fund has completed the sale of the long leasehold interest in part of its Portland Road, Hove asset to a private developer. The property comprised of retail on the ground floor with vacant offices above. No.8 secured permission to convert the offices to 11 flats and established the ability to construct an additional floor above for further residential.

  •  Farnborough Sale

    Foundation’s FPC No.8 managed fund has completed the sale of its Farnborough site to a Housing Association after achieving planning for 10 x 2 bedroom starter homes.

  • Weymouth Purchase

    Foundation’s FPC Convenience No.1 managed fund has completed the purchase of a former petrol filling station in Weymouth. Planning has been submitted for 7,000 sf retail scheme split into 4 units and anchored by a major Convenience Store operator. Another joint venture with Box Property, our development manager partner.

  • Portslade Sale

    Foundation’s FPC Convenience No.1 managed fund has completed the sale of its Portslade convenience store to a private investor. The shop was let to the Southern Co-op at £67,500 pa on a new 15 year lease. The unit was sold by HRH for £1.1m, a 5.7% yield.

  • Newport Purchase

    Foundation’s Industry & Enterprise managed fund has completed the purchase of a 6.3 acre site on Traston Road, Newport, South Wales. Planning has been secured for a Reserve Power facility on part of the site and a new application will shortly be submitted for an additional c.80,000 sf industrial development on the remainder of the site.

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