Acting for the vendor, Telereal Trillium, CBRE advised on the sale of the Hyperion portfolio, a UK wide portfolio which includes the iconic Strand HQ of Coutts.
Commenting on the deal, Peter Arduino, Executive Director at CBRE, said “The portfolio market has attracted significant interest from investors over the past year with transactions increasing by 215% year on year. As one of the largest portfolios to come to the market, Hyperion has ramped up transactions to £750 million in the first two months of 2014, so we are on target to significantly beat last years’ volumes of £3.8billion.
“We are thrilled to have been a part of such a high profile and successful portfolio transaction. The level of interest shown for this portfolio from across the globe has served as a healthy reminder of the scale of demand for UK real estate”.
“Looking forward, we expect the portfolio market to evolve further given the increased confidence in this method of sale. We envisage bigger portfolios consisting of larger and more prime assets, likely to attract institutional interest. The availability of relatively cheap debt is further fuelling demand and we are beginning to see the resurgence of prop co’s entering the market, which we haven’t seen since 2010. 2014 is set to see a perfect storm of demand from private equity, institutions and debt backed prop co’s.”