Leading retail & leisure investment agent Andrew McGregor joins BGP as Equity Director
BGP are delighted to welcome Andrew McGregor, formerly Head of Out of Town Retail and Leisure Corporate Markets at Knight Frank, to the team. Andrew joins as Equity Director. With over 20 years’ experience, he is a market leader within the retail and leisure sectors, having transacted over £1billion of leisure assets.
Andrew’s track record includes the sales of Feethams in Darlington for Urban & Civic Plc for £21m, The Parkway in Bury St Edmunds for LaSalle IM for £14m and Broadway Plaza in Birmingham for Aviva for £47m. Andrew has also recently advised on the forward funding of West Central in Bournemouth for LGIM (£51m) and Malmaison in York for Lothbury (£44m).
Andrew will join our investment team which is headed up by Woody Bruce and includes Director Jack Barratt, Associate Director Nick Halley with further hires to be announced in due course. The team have advised on a broad range of sales and purchases of retail and leisure assets across the UK including the £70m purchase of Berkeley Group’s One Tower Bridge for Redevco and £37m purchase of Brixton Market for Hondo, last year.
Andrew McGregor said: “BGP have an outstanding retail and leisure agency business, further enhanced by the acquisition of the Colliers lease consultancy team last year. Most investors, whether buying or selling, want to know if their existing tenants are happy, what tenant demand looks like and what is the correct level of rent. This occupational intelligence both in London and across the UK will be critical in expanding the capital markets business at BGP and most importantly, providing the best advice to our clients”.
Woody Bruce, co-founder and Head of Investment said: “Andrew is a great addition to the investment department and the wider BGP team. He brings with him an exceptional transactional and funding track-record having dealt with high-quality leisure and flex assets for a variety of blue-chip clients. This is an exciting time for the investment team at BGP and Andrew will be key to our continued growth in this sector.”
Andrew can be contacted via email email@example.com or through his direct dial 0203 598 9184.
BGP complete on the investment sale of commercial element at One Blackfriars
Bruce Gillingham Pollard acted on behalf of St George on the sale of the commercial element of One Blackfriars which completed in July. The purchaser is a private investor.
One Blackfriars is an iconic mixed used development at Blackfriars Road in Bankside. The commercial element comprises 11,000 sq ft and is arranged over ground and first floor benefitting from both retail and restaurant use. The property was sold with vacant possession and will be marketed by the new owner.
Nick Halley acted for St George alongside Woody Bruce and commented:
’We were delighted to sell this asset in an iconic London building. The property was sold off market and we achieved a strong price in line with our client’s expectations.’
Daniel Freedman of Robert Irving Burns acted for the purchaser.