Press Releases
- 2012
- Moorfield Set to Revitalise Shefield\'s Velocity Village - 12 Apr 2012
- Moorfield and Hines looking to the future with continued investment in Brindleyplace - 6 Apr 2012
- Acquisition of the UK Logistics Fund - 1 Feb 2012
- Moorfield complete on former Print Works site in Exeter to build 487 bed student accommodation scheme - 20 Jan 2012
- Moorfield acquires Salisbury House, Finsbury Circus, EC2 - 20 Jan 2012
- Brindleyplace continues to invest in its facilities through new car park contract - 9 Jan 2012
- Moorfield Acquires Salisbury House, Finsbury Circus EC2 - 6 Jan 2012
- 2011
- Moorfield and Segro announce the acquisition of the UK Logistics Fund - 19 Dec 2011
- Moorfield acquires The Towers, Didsbury from Wereldhave - 18 Nov 2011
- Skypark one year on – With new lettings and lease renewals totalling over 146,000sq ft and the first phase of the multi-million pound refurbishment underway – Skypark is a hive of activity - 10 Nov 2011
- Top UK businesses choose West Riding House - 7 Oct 2011
- Moorfield announces £35m acquisition of Primark Distribution Centre - 29 Sep 2011
- Moorfield exits The Capital Pub Company Plc - 26 Sep 2011
- Debenhams to anchor Cornmill extension - 29 Jul 2011
- Newly refurbished office space released to market at Four Brindleyplace - 30 Jun 2011
- Moorfield and Safeland move in on hostel market - 19 Apr 2011
- Moorfield launch the White Knight Partnership - 6 Apr 2011
- The Glasgow School of Art sculpts its future at Skypark - 30 Mar 2011
- Moorfield secures iconic West Riding House in Leeds - 9 Feb 2011
- 2010
- Moorfield sell Mallard House to National Instruments at Newbury Business Park - 30 Dec 2010
- Moorfield buys in Darlington to allow for the Cornmill Shopping Centre expansion - 4 Oct 2010
- Grainger and Moorfield announce formation of Sovereign Reversions Equity Release Joint Venture - 23 Aug 2010
- Moorfield venture further into Yorkshire and Humber with Holbeck Land - 28 Jul 2010
- Brindleyplace acquisition completed by Hines Global REIT and Moorfield - 23 Jul 2010
- Moorfield and Hines Global REIT invest in Brindleyplace, UK - 1 Jul 2010
- Next Step for Cornmill Shopping Centre - 26 Jan 2010
- Moorfield and PAG launch north west property JV - 15 Jan 2010
- 2009
- Audley acquires Wiltshire’s White Horse Care Agency - 23 Jun 2009
- The Ridings celebrates completion of multi million pound refurbishment works - 13 Feb 2009
- Moorfield announces £30m sale and leaseback deal with Mitchells & Butlers - 7 Feb 2009
- Moorfield, Plus Shops and KLM to launch new retail venture - 27 Jan 2009
- 2008
- 2007
- New dock facility for Westway as commercial traffic returns to river cart - 10 Sep 2007
- Cornmill Shopping Centre Extended in £8.4m Deal - 25 Jun 2007
- Moorfield Real Estate Fund awards hotel contract to Accor - 20 Mar 2007
- Second Moorfield fund closes with £1. 6 bn of buying power - 8 Feb 2007
- Moorfield Real Estate Fund acquires 24 Macdonald hotels - 26 Jan 2007
- MREF Buys Cornmill Shopping Centre, Darlington - 5 Jan 2007
Moorfield announces £35m acquisition of Primark Distribution Centre
Moorfield Group (Moorfield) supported by Barola Properties today announced the acquisition of a 637,000 sq ft distribution centre in Thrapston, Northamptonshire for £35m from Ikea. The deal represents an initial yield of 7.75%.
The investment was made by Moorfield on behalf of the Moorfield Real Estate Fund II (MREF II), a geared fund which raised approximately £400m of private equity on closing at the end of 2007.
Located close to the UK’s distribution ‘golden triangle’, the property is let in its entirety to Primark Stores Ltd, part of the ABF Plc Group.
Speaking about the deal, Marc Gilbard, Chief Executive of Moorfield said: “We are delighted to have reached agreement on this acquisition. The prime location and strong covenant make this a compelling investment opportunity for us and we look forward to building a long term relationship with Primark over the years to come.”
Richard Johns of Barola Properties said: “This is the first deal of this nature we have done and are delighted to have supported Moorfield. We look forward to continuing the relationship.”
Colliers International acted for IKEA and Moorfield/Barola were not represented.
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