Torbay Council Investment Fund Portfolio Summary
Wren Retail Park, Torbay Ferndown Centre, Dorset
Total cost: £21.0m Total cost: £27.8m An established retail park on the edge of Torquay A busy town centre shopping centre The tenants are Boots, Next, Outfit and Mothercare, Tesco superstore and several other retailers, including creating for a busy retail park a busy shoppers’ car park and petrol filling station Adjacent to Sainsbury’s and M&S at The Willows Let in its entirety to Tesco who manage the shopping centre
Gadeon House, Exeter, Devon Fugro House, Wallingford, Oxfordshire
Total cost: £17.2m Total cost: £20.9m
An impressive headquarters style building Modern Grade A office and laboratory building Located off the M5 at Exeter Business Park Let to Fugro Properties Ltd Let to EDF Energy PLC The company works around the world employing 10,000 people in over 60 countries with a turnover of Designed and built to BREEAM “Very Good” 1.78 billion euros in 2016 environmental standards
London Medway, Kent Chippenham
Total cost: £31.3m Total cost: £6.3m
Built in 2016, a modern, high specification distribution A new development of a 69 bedroom Travelodge Hotel warehouse, A prime location for logistics / distribution with a separate ground floor restaurant / retail unit Extending to 267,727 sq ft over 14 acres Completed Autumn 2019 Let to Wincanton Holdings Ltd, a top-tier distribution and logistics company with over 17,500 employees Situated opposite the train station across 200 sites 180198 Twyver House, Gloucester Woodwater House, Exeter
Total cost: £12.5m Total cost: £10.1m A head-quarter style building totalling 75,654 sq ft over A modern Grade A head-office style building on an 5 floors established business park in Exeter Secure income, let to the Secretary of State for 49,380 sq ft, fully let to Michelmores LLP, a top 100 law Environment firm in the UK
The Range, Torquay Bodmin, Cornwall
Total cost: £8.8m Total cost: £2.9m A retail warehouse situated on Babbacombe Road A food processing plant and offices. Let to The Range who have over 140 stores Let to Proper Cornish Ltd on a 20 year lease. Providing a long income stream to the Council
Crown Records, Exeter National Distribution Centre, Didcot, Oxfordshire
Total cost: £1.7m Total cost: £32.8m Industrial warehouse extending to 24,955 sq ft Sole, national distribution centre for Chef Direct, the chilled and frozen distribution arm of the company. Situated on the popular Marsh Barton trading estate in Exeter. Secure income with guaranteed annual rental uplifts.