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 buys in Darlington to allow for the Cornmill Shopping Centre expansion
Moorfield Group (Moorfield) has completed the acquisition of the Post Office building on Crown Street, Darlington on behalf of the Moorfield Real Estate Fund (MREF) from the Post Office Ltd. The deal represents an initial yield of 6.00%.
The building, adjacent to the Cornmill Shopping Centre, which is also owned by MREF, consists of a ground floor retail unit with vacant offices at 1st and 2nd floors above. The Post Office has taken a lease back on the ground floor unit for a term of 15 years at a market rent.
The deal facilitates the next phase in the expansion of Cornmill Shopping Centre, with the intention of extending the existing shopping centre to the 1st and 2nd floors above the Post Office.
Speaking about the deal, Mark Holmes of Moorfield said: “This latest announcement marks our commitment to Cornmill Shopping Centre and Darlington. The shopping centre is more than 98% let and with the possibility of extending the facilities further, we will be able to accommodate new and exciting retailers who will join a host of high street names already established in the centre.”
DTZ acted for Moorfield in the deal, while BNP Paribas represented the Post Office.
This deal comes off the back of the recent letting of the former Woolworths unit (22,000 sq ft) to Next Group Plc who opened in July after an extensive fit out. Furthermore Virgin Media have taken a three year lease on a unit and four further retailers, fashion retailer Internacionale, ticket office Box Office, jeweller Azuri and communications store Three have all demonstrated their commitment to Darlington by signing deals to remain in the centre.
Cornmill Shopping Centre was acquired by MREF in December 2006. The scheme currently totals approximately 221,000 sq ft of retail accommodation on two levels, together with an adjoining, secure, 402 space multi-storey car park. The shopping centre is home to a multitude of leading retailers including Next, TK Maxx, Primark, New Look, Topshop, Dorothy Perkins, HMV and Game.
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