Aviva sells Rydon Lane RP to Threadneedle

Aviva Investors has sold Rydon Lane Retail Park, Exeter, to Threadneedle for £29.5 million.

Edgerley Simpson Howe and Wilkinson Williams advised Threadneedle while Morgan Williams represented Aviva.

The 106,000 sq retail park is let to DFS, Currys, PC World, Halfords, Pets at Home, Carpetright and DFS at rents ranging from £24 to £28 per sq ft.

Jamie Naughton of ESHP comments: “This is Exeter’s dominant bulky goods retail park which has the added benefit of being next door to a 65,000 sq ft Tesco foodstore.”

(Aug 2009)