ESH are delighted to have represented an institutional client on the disposal of Vangarde Shopping Park in York for a price in excess of £44m. The prime out of town shopping destination comprises over 300,000 sq ft and is anchored by the region’s largest M&S store and Europe’s largest Go Outdoors. The scheme is fully let across 10 units also including Next, Costa, Nando’s, Specsavers, Hotel Chocolat and others.

Get in touch with one of the investment team for more details.

Edgerley Simpson Howe LLP are delighted to have advised DTZ Investors on their off-market purchase of the Lidl foodstore on Whitehorse Road in Croydon. The property sits in a prominent position on the A212 and is entirely let to Lidl for a further 19 years, with 5 yearly RPI-linked rent reviews.

Ewan Stewart Transactions Manager at DTZI said ‘The acquisition of Lidl, Whitehorse Road is one we are very pleased with on behalf of our Local Authority mandate. The long lease to Lidl along with the strong trade story and local demographics were what attracted us to this opportunity. A big thanks to all at ESH who gave occupational and investment advice along the way and Osborne Clarke who provided legal advice.’

Get in touch with one of the investment team for more details.

ESH acting on behalf of our client CBRE Capital Advisors (Teesside Pension Fund) have completed a new letting to Superdrug at Tonbridge Retail Park.

Superdrug will occupy the former Carpetright unit which extends to approximately 6,330 sq ft GIA and the agreed deal represents an uplift from the previous passing rent.

For further information please contact Tim Hornor

Aberdeen, represented by ESH, have disposed of Eastern Avenue Retail Park in Romford to Royal London Asset Management. The asset comprises a 71,581 sq ft retail warehouse park let to Currys, Home Bargains, Wren Kitchens, Burger King and Costa. The disposal completed at a price of £26,850,000, reflecting a net initial yield of 5.50%. KLM represented the purchaser.

ESH are delighted to have represented CBRE IM in the disposal of the Sainsbury’s in Halifax to ICG. The asset is a 91,473 sq ft purpose built foodstore with a 12 pump PFS, let on a lease until 2038.

The disposal completed at a price of £42,750,000, reflecting a net initial yield of 6.08%. CBRE represented the purchaser.

ESH represented Swiss Life Asset Management in the disposal of the Matalan in Redditch to a private investor. The asset is a solus unit of 37,542 sq ft with a recently regeared lease to Matalan, let until May 2034. The purchase completed at a price of £5,670,000 reflecting a net initial yield of 8.27%.