News
Huntingdon Office Investment Sold
January 2012
Howard Property Investments have sold 2-6 Hartford Road in Huntingdon.
The property comprises a 4,850 sq ft two-storey office building which is currently let to The Job Centre on a lease expiring in April 2018. The current rent is £48,500 pa exclusive and the property was sold for £660,000 representing a net initial yield of 6.9%.
Alan Matthews of Barker Storey Matthews who negotiated the sale, commented; "We are delighted to have achieved such a good result for our client. It is unusual to see a yield of below 7% on a property with less than 7 years remaining on ...
New Raynham Road Units Launched
August 2011
Earlier this summer, local and London commercial agents attended the launch of new commercial units by HPG Developments at their Raynham Road Industrial Estate in Bishop's Stortford.
The Raynham Road Estate, owned by the Howard Group for the past 9 years, is undergoing a major redevelopment programme. The Cambridge based property group, leading commercial property developers and investors in East Anglia, has completed construction of some 38,000 sq ft of new warehousing and office units.
The Group speculatively built the scheme and has been rewarded by the fact that ...
Sawston Trade Park added to portfolio
January 2011
The Howard Group's property investment arm has acquired Sawston Trade Park near Cambridge. The Park was purchased for £5.4m on 7th January from London development and investment company Helical Bar plc.
The strategically located trade counter and warehouse park, positioned just five minutes from Junction 10 of the M11, is an ideal fit into the Howard Group's portfolio of similar trade and industrial estates it owns throughout East Anglia and the South East.
Michael Summers, Howard Investments Property Director, who negotiated the ...
Projects could create over 800 jobs
December 2010
With a current development pipeline of half a million square foot approaching £100m, the Howard Group claims its current projects could create over 800 potential job opportunities for the East Anglia region over the next two years.
The Cambridge-based property group, leading commercial property developers and investors in East Anglia, is driving forward its development and acquisition plans even though the region's commercial property market is only now starting to show early signs of recovery from last year's low.
HPG Developments Ltd, the Group's development division, remains ...
Howard Property Investments acquires RBS building
June 2010
Howard Property Investments, the largest division of the Howard Group of Companies, has acquired the RBS building in Silbury Boulevard, Central Milton Keynes.
The transaction is part of the Group's five year strategic plan launched in January this year, which focuses on the repositioning of the company's existing £100m property portfolio.
The building, purchased for £3.2m from Blackrock Land (Silbury) Ltd, houses RBS corporate, commercial and Lombard businesses and private bank Coutts. It is the first acquisition for Howard ...
INVESTMENT SALE KICKS OFF HOWARD FIVE YEAR PLAN
February 2010
Howard Property Investments, the largest division of the Howard Group of Companies, has sold a portfolio of three industrial estates. This transaction heralds the start of its new five year strategic plan which focuses on repositioning the Group's existing £100m portfolio.
The three multi-let industrial estates, which lie outside of the Group's core locations, are Glenholme Park, Newark, Gateshead Close, Sandy and Wharf Street in Warwick. The proceeds from the portfolio will generate £4.3m of funds for future investment. The estates were sold to Leonardo Property Fund.
Michael ...
