Press & Publications
Ribston along with one other company have partnered with Northumbria University to support their Higher Education Without Barriers campaign and provide ten scholarships. The scholarships will enable undergraduate and postgraduate students from under-represented backgrounds to access and succeed at Northumbria University.
Stock selection remains key even though industrial is top of the league table.
James Havery is co-founder of multi-let industrial specialist Ribston. He set the business up with Mark Ovens and Joe Havery in 2016. In considering a recent prospective acquisition we arrived at a novel concept. If every single UK commercial property had a ranking in one comprehensive league table before COVID, had the subject property moved up the league, stayed in the same position or gone down? This does not mean ‘is it worth, or is its value, more, the same, or less than before?’. That is an entirely different question…….
A property investment fund which focuses on the industrial sector, has expanded its Leeds portfolio after acquiring a well-known builders merchant site close to Elland Road, in a deal negotiated by Gent Visick’s investment team.
The Ribston Property Unit Trust (RPUT), which is managed by specialist industrial property investor, Ribston, has acquired the site for £2,616,650.
The site, known as Bridge Works, is let to national builders merchant group, Gibbs and Dandy, until 2029.
Occupying a prominent position, with an extensive frontage directly onto Elland Road and bordering Crow Nest Lane, the site……
Industrial specialist Ribston has made its first acquisitions on behalf of the Ribston Property Unit Trust since converting the fund to an open-end structure, React News can reveal.
Ribston, which was founded in 2015 by former Ashtenne colleagues James Havery, Mark Ovens and Joe Havery (pictured), has made two acquisitions in city centre locations at a cost of £12.5m with a combined yield of 5.1%.……
Ribston Property Unit Trust (RPUT), a fund co-invested in and managed by Ribston, has recently completed two acquisitions located in large UK cities.
244-256 Causewayside, Edinburgh was acquired from a private investor and comprises 23,362 sq ft in a terrace of seven units, all of which are let and income producing.
Two prime units at Gelderd Road, Leeds, were acquired from a client of LaSalle Investment Management. The tenant, Clipper Logistics PLC, operates a contract for supermarket operator Morrisons from the buildings, which extend to 90,464 sq ft.
The two acquisitions were made at a gross cost of £12.25m and combine to provide an initial yield of 5.1%.
Reith Lambert (Edinburgh) and JLL (Leeds) acted for RPUT on the acquisitions. The private seller of Causewayside was represented by Ryden, and Stonehill Partners acted on behalf of LaSalle Investment Management.
Joe Havery, Director commented “These acquisitions demonstrate our confidence in very good quality city centre industrial property. Both properties have extremely strong fundamentals, being both very defensive as well as being prime candidates for relative outperformance in better times. These dual characteristics have been at the core of RPUT’s acquisition programme since its launch in December 2016.”……
Multi-let industrial specialist Ribston is gearing up to launch its second fund next year having invested all the equity it raised for its debut fund.
Ribston raised £75m for Ribston UK Industrial Property Unit Trust in December 2016 from clients of Aviva Investors Real Estate Multi Managers, which is being acquired by LaSalle Investment Management, and has since raised £42m for the fund from the same source.
The firm, which was founded by former Ashtenne colleagues James Havery, Mark Ovens and Joe Havery, has invested all the equity in 35 properties across 33 deals mainly in major cities such as Leeds, Birmingham and Bristol……
New firm formed by ex-Ashtenne trio wins support from Aviva for £107m fund.
Ribston, a new investment manager focused on multi-let industrial property, has launched a £107m UK fund.
The firm has raised £75m of equity for Ribston UK Industrial Property Unit Trust, which with gearing will have the firepower to invest up to £107m. The equity was provided by clients of Aviva Investors Real Estate Multi Managers, who were unit holders in two funds launched and managed by Ribston’s management when they were at Hansteen.
James Havery and Mark Ovens (pictured centre and right) l7.”…….