Wednesday, 29 October 2014
Sunny Day completes €21.5 million transaction spree (UK)
Didier Tandy’s Sunny Day Capital, the UK residential and commercial real estate investor and developer, has completed £17 million (€21.5 million) of commercial transactions in London’s Covent Garden, Bristol, Reading and Surrey.
Sunny Day has completed two disposals totalling £12.1 million (€15.3 million) and two acquisitions totalling £4.74 million (€6 million).
Didier Tandy, Founding Partner of Sunny Day Capital, said: “This has been a particular active summer for us. We remain in the market to purchase interesting investments which offer alternative use or lease restructuring prospects and we are looking to complete more transactions before the end of the year.”
Lambert Smith Hampton advised Sunny Day on Long Acre and Reading. Alsop advised the vendor on Clifton and Reading while JLL advised the purchaser of Long Acre. Runnymede represented themselves.