Aberdeen Standard Investments Sell Hollywood Retail Park, Barrow following Aldi pre-let

Aberdeen Standard Investments Sell Hollywood Retail Park, Barrow following Aldi pre-let

With the pre-let Aldi deal in place Aberdeen Standard Investments have sold their Retail Warehouse and Leisure holding in Barrow-in-Furness. The new letting provided an overall WAULT of over 8.5 years with almost 7.5 years to breaks and Aldi will sit alongside other retail tenants Dunelm, Currys/PC World and TK Maxx. The scheme also provides a food and leisure offering in the form of Majestic Bingo, Nuffield Health, Vue, KFC, Pizza Hut and McDonalds.

New River REIT purchased from Aberdeen Standard for £15.35 million showing a return in the region of 8%. At the time of sale DSG were holding over and had not regeared.

ESH advised Aberdeen Standard Investments on the sale.