© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - Warburg-HIH Buys Prime Retail Units; Asset Acquired by TH Real Estate
Posted 21st April 2016

Warburg-HIH Buys Prime Retail Units; Asset Acquired by TH Real Estate

TH Real Estate, on behalf of a real estate fund managed by Warburg HIH Invest Real Estate GmbH (Warburg-HIH Invest, previously: Warburg - Henderson), has acquired Units 2 and 3 at 44-48 Argyle Street for £1.9m.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Warburg-HIH Buys Prime Retail Units; Asset Acquired by TH Real Estate
Image

Warburg-HIH Buys Prime Tetail Units; Asset Acquired by TH Real Estate

TH Real Estate, on behalf of a real estate fund managed by Warburg HIH Invest Real Estate GmbH (Warburg-HIH Invest, previously: Warburg – Henderson), has acquired Units 2 and 3 at 44-48 Argyle Street for £1.9m. This follows the purchase of the freehold of 38-48 Argyle Street in July 2014. The total investment in the properties is in excess of £23.5m.

Unit 2 is let to Yours Clothing until September 2025 with a break in September 2020 at £185,000 p.a. Unit 3 is currently vacant and will be marketed for lease imminently.

Axel Kleinefenn Head of Fund Management, Warburg-HIH Invest said:

“Following our acquisition of the main unit – let to TK Maxx – we received access to additional asset management potential through the full ownership of a well located asset in a promising retail market.”

Martin Payne, Senior Fund Manager, TH Real Estate, added:

“We’ve made a significant commitment to Glasgow and have considerable confidence about the city’s future. This latest acquisition builds on the investment we made in 2014 and gives us the opportunity to tap into Glasgow’s strong retail market.”

Andrew Shiells, Director, Lambert Smith Hampton, commented:

“Glasgow is widely recognised as one of the UK’s most vibrant retail destinations and has good investment fundamentals. This acquisition allows TH Real Estate to realise inherent value by buying in control of a long leasehold interest and create additional value by letting out the vacant unit.”

Lambert Smith Hampton advised TH Real Estate. 

 

Categories: M&A


You Might Also Like
Read Full PostRead - Eye Icon
Merger Between Greenbrier Europe and Astra Rail
Finance
14/10/2016Merger Between Greenbrier Europe and Astra Rail

The Greenbrier Companies, Inc. and Astra Rail Management GmbH today announced plans to form a new company, Greenbrier-Astra Rail, that will create an end-to-end, Europe-based freight railcar manufacturing, engineering and repair business.

Read Full PostRead - Eye Icon
The Role of Microfinance in Uganda
Finance
26/02/2016The Role of Microfinance in Uganda

Five Talents Uganda Ltd is a Christian microenterprise development Institution that gives financial and non- financial services to the active poor people in Uganda. It offers small loans and trains people in business and financial management skills to empower

Read Full PostRead - Eye Icon
Leading IP Adviser
Innovation
04/08/2015Leading IP Adviser

Leading IP Provider

Read Full PostRead - Eye Icon
MDJ and Partners – Certified Public Accountants
Finance
21/10/2015MDJ and Partners – Certified Public Accountants

With 14 years’ experience in various disciplines of institutional management consultancy services, accounting, internal auditing, external auditing and assurance service delivery, MDJ and Partners and its Parent firm, MDJ Associates Ltd are among the fastest

Read Full PostRead - Eye Icon
Paysafecard Launches in New Zealand
Innovation
17/04/2015Paysafecard Launches in New Zealand

paysafecard, the Vienna-based global market leader in prepaid online payment methods, and member of the international Skrill Group, continues its course of international expansion with its launch in New Zealand.

Read Full PostRead - Eye Icon
The Future Of A Cashless Society
Finance
10/09/2019The Future Of A Cashless Society

As cash machines dwindle and users increasingly turn towards new and innovative forms of payment, Staff Writer Hannah Stevenson explores the direction is the market is moving in.

Read Full PostRead - Eye Icon
Top 4 Innovations That You Need to Include in Your Business in 2022
Innovation
31/01/2022Top 4 Innovations That You Need to Include in Your Business in 2022

Innovation is a critical component of any successful business. By 2022, businesses that fail to embrace innovation will find themselves at a disadvantage compared to those that do.

Read Full PostRead - Eye Icon
It’s All About Educating the Mind
Leadership
10/10/2016It’s All About Educating the Mind

Neurocoaching was founded and built by Patricia López, a mentor-coach, and telecommunications engineer for more than 20 years. The company is focused on developing engineers, whether it be getting the know themselves, skills, beliefs, or achieving their goals

Read Full PostRead - Eye Icon
Meet the CEOs
Leadership
22/02/2016Meet the CEOs

Meet the CEOs



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow