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Vengrove has completed the sale of Units A-D, All Saints Road, Wednesbury to a private investor.

The asset totals 154,000 sq ft and is occupied in its entirety by Speciality Steel Limited, who recently agreed a lease extension to a 15 year term.

Vengrove has completed the sale of Units A & B, Hall Dene Way, Seaham. The sale followed the successful regear of both leases where the average unexpired term was extended to beyond 5 years. A capital expenditure improvement programme was also undertaken to Unit A.

120 Moorgate now offers 79,500 sq ft of Grade A office accommodation which is being occupied by WeWork in its entirety. WeWork has secured The Merck Group as an anchor enterprise tenant on half of the space.

In addition, the ground and lower ground will be occupied by the premium gym operator, Third Space.

Vengrove has completed an investment into dark kitchen operator, Karma Kitchen. In addition, Vengrove has agreed a collaboration to acquire commercial real estate which gives Karma Kitchen the ability to accelerate their expansion plan.

Vengrove has secured planning permission for a 115,000 sq ft office scheme, with an ancillary food and beverage offer, at Film House in Soho.

Enabling works will begin in October 2020 and practical completion is set for May 2022.

Vengrove has sold a 200,000 sq ft logistics scheme on Agecroft Commerce Park, Salford to a global data centre operator for an undisclosed sum.

Evolution consists of two units that were built on a speculative basis to a Grade A institutional specification. The site was the last remaining plot at Agecroft Commerce Park and was originally acquired from the Homes and Communities Agency.

Vengrove has acquired the industrial asset, Edison Courtyard, Corby in an off-market acquisition for an undisclosed sum.

The estate is fully let and consists of 16 units ranging from 1,600 – 6,100 sq ft, totalling 57,700 sq ft. There is an immediate necessity to improve brand identity and modernise the appearance. As a result, Vengrove will shortly commence a refurbishment programme of the estate.

Vengrove has completed the disposal of a 45,000 sq ft office scheme on Wharf Road, N1. The sale of the long leasehold interest follows the sale of seven self-contained office suites to a variety of owner occupiers. Purchasers included those from the charity, construction, media and tech sectors.

The combined sales value of the office units and long leasehold interest generated proceeds in excess of £24m.

Vengrove has successfully completed the sale of Derwent House, Workington. The sale followed a lease regear whereby the tenant, Acco UK Limited, committed to a new 10 year lease.

The 46,000 sq ft industrial unit formed part of a portfolio acquisition in the summer of 2018 and is the third asset to have now been sold.

Vengrove has acquired Bloxwich Industrial Estate, Walsall for £7.05m.

The multi-let industrial estate comprises seven industrial units arranged as a single terrace extending to 143,000 sq ft. Vengrove has now commenced a capital expenditure programme to institutionalise the common parts, modernise the existing units and let the vacancy, which represents 40% of the estate by floor area.