KBW brew a notable investment sale in Cheltenham
Acting on behalf of Cult Clothing Company, KBW completed the investment sale of 2 Cambray Place, Cheltenham in November 2023. The purchaser was Hurtwood Capital, a private family office investing across the UK.
The ground floor and basement of this four storey Grade II listed Regency building is let to SOHO Coffee Shops on a lease expiring in January 2030 with the upper parts comprising 3 flats sold off on long leases. The building occupies a great location on the pedestrianised Cambray Place which is opposite the John Lewis department store and among plenty of multiple retailers and brands.
2 Cambray Place is the original SOHO Coffee store which opened in 1999. The business was owned for much of its life by two families, but was acquired by Business Trading Company UK (BTC UK) in 2015, a leading Qatari holding and investment company which specialises in the hospitality and real estate sectors and owns other well-known brands such as Euphorium and The NOMAD London Hotel.
BPE Solicitors acted for the vendor Cult Clothing Cheltenham Limited and Frettens Solicitors acted for Hurtwood Capital Limited.
KBW, renowned for its expertise in real estate transactions across the commercial markets, used its extensive industry knowledge and tenacious approach to secure a buyer and ensure as quick and smooth a transaction as possible.
Senior Director, Richard Knightley, commented: “As Cheltenham continues to thrive, strategic acquisitions such as this highlight the confidence in the Cheltenham property market and continued demand for quality retail investments.”
For more information about KBW’s Commercial Agency services, please contact Richard Knightley or Laura Hatten on 01242 244744. We look forward to hearing from you.