BeauMont Real Estate Capital Acquires Hermiston Gait Retail Park In Edinburgh For £65M
Hermiston Gait Retail Park, Edinburgh Eh11 4 Df, Uk
$65,000,000
$212/SF
Building Size
306,000 SF
Asset Type
Retail
Closing
Feb 20, 2020
About this deal
AI
Hermiston Gait Retail Park in Edinburgh has been sold for £65,000,000. The retail property asset spans 306,000 square feet and was sold at a price of £212 per square foot. The sale took place on February 21, 2020, with BeauMont Real Estate Capital, represented by Coates & Co, acting as the buyer. On the other side of the transaction, Aberdeen Standard Investments, represented by Savills, acted as the seller.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: £65,000,000
- Address: Hermiston Gait Retail Park, Edinburgh
- Market: Edinburgh
- Buyer: BeauMont Real Estate Capital - Robert Balick
- Seller: Aberdeen Standard Investments - Daniel O’Neill
- Buyer’s Representative: Coates & Co
- Seller’s Representative: Savills
- Square Footage: 306,000
- Price per Square Foot: £212
BeauMont Real Estate Capital, represented by Coates & Co, successfully acquired Hermiston Gait Retail Park in Edinburgh. On the seller's side, Aberdeen Standard Investments, represented by Savills, completed the transaction. The sale price of £65,000,000 reflects the value of the retail property, which spans 306,000 square feet. This deal highlights the expertise and negotiation skills of the involved parties as they navigated and closed a significant real estate transaction in Edinburgh.
Players
City of Edinburgh Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93